• GBP/NZD dipped on Monday as investors weighed up the potential impact on the UK economy due to the war in the Middle East.
• Oil prices jumped more than 25% to their highest levels since mid-2022 on Monday, with the global benchmark Brent crude touching $119.50 per barrel.
•Investors view Britain as more vulnerable than many European countries to an energy-price shock, partly due to weak public finances that could worsen if the government provides relief to power users.
• Rising oil and gas prices is likely increase pressure on the government to spend potentially billions of pounds on new support measures.
• Finance Minister Rachel Reeves said Monday that a rapid de-escalation of the conflict is the best way to shield households from rising energy bills and that the government is ready to support releasing emergency oil reserves if oil prices spike.
• Immediate resistance is located at 2.2672 (38.2%fib), any close above will push the pair towards 2.2800(Higher BB).
• Immediate support is seen at 2.2593(SMA 20) and break below could take the pair towards 2.2398(23.6%fib).
Recommendation: Good to sell around 2.2680 with stop loss of 2.2760 and target price of 2.2570


FxWirePro: EUR/ NZD dips below lower range, bearish bias increases
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: GBP/USD recovers some ground but bears are not done yet
FxWirePro: EUR/AUD downward momentum remains in place
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets
FxWirePro: USD/JPY edges higher but bulls lack punch
FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal
FxWirePro: USD/ZAR slips as SARB delivers surprise rate hike
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
FxWirePro- Major Crypto levels and bias summary
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar
FxWirePro: USD/ZAR sell bias remains below key resistance zone 



