• GBP/USD recovered above 1.3300 on Tuesday as investors pared back bullish bets on the U.S. currency, driven by expectations that the Iran war could soon de-escalate..
• The dollar has strengthened due to safe-haven demand, with the U.S. better positioned on energy than import-reliant economies like Britain.
• Energy prices have eased slightly, although Brent crude futures still trade above $100 per barrel.
•Expectations for Bank of England rate hikes eased after Donald Trump signalled the war may end soon.
Interest rate futures now price in nearly two 25-bps hikes by the Bank of England by end-2026, down from over three in March. Before the Middle East war, markets had expected two rate cuts instead.
• Immediate resistance is located at 1.3358(38.2%fib), any close above will push the pair towards 1.3438(March 25th high)
• Strong support is seen at 1.3224(Daily low) and break below could take the pair towards 1.3144 (23.6%fib).
Recommendation: Good to sell around 1.3350 with stop loss of 1.3420 and target price of 1.3250.


FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD uptrend loses momentum but bullish setup remains
Ethereum Rises on Geopolitical De-escalation: Pezeshkian’s Peace Signal Ignites Bullish Momentum
Ethereum in Consolidation: ETH Trapped in Narrow Range as Bulls Await the USD 2,000 "Buy the Dip" Opportunity
FxWirePro: USD/ZAR fibo rejection triggers sizeable pullback
Sterling’s Six-Week Streak Snaps: GBPJPY Slumps Toward 210.00 as Bearish Momentum Intensifies
FxWirePro: EUR/AUD retreats slightly but trend is still bullish
FxWirePro- Woodies Pivot(Major)
Euro Bulls Charge Past 1.1600: Broad Dollar Sell-Off Ignites Powerful EURUSD Rally
Dollar Resurgence Propels USDCHF Above 0.8000: Technicals Signal Continued Bullish Momentum Toward 0.8150
NZDJPY Technical Outlook: Bearish Bias Deepens as Key Resistances Hold
Yen Resurgence Drives GBPJPY to 2.5-Week Low: Sellers Aim for 208.00
FxWirePro: USD/CNY dips as China’s yuan strengthens on Iran war de escalation hopes
AUDJPY Pullback Intensifies: Resistance at 110.00 Signals Short Opportunity
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
Euro Bulls Retreat: EURUSD Faces Resistance at 1.1500 as Technical Indicators Signal Further Downside 



