• GBP/NZD declined on Friday after data showed British economy contracted in June.
•GBP/ NZD fell despite GDP figures falling less than expected as investors were wary that soaring UK inflation and BoE rate hikes will hinder growth.
• GBP/NZD drops below the 38.2%fib ,now eyes 23.6%fib support at 1.8714.
• From a technical viewpoint, the moving averages are pointing downwards, while the RSI is strongly bearish at 28.
• Immediate resistance is located at 1.8914 (38.2%fib), any close above will push the pair towards 1.8981 (Daily high).
• Strong support is seen at 1.8790 (Daily low) and break below could take the pair towards 1.8714(23.6%fib).
Recommendation: Good to sell below 1.8800, with stop loss of 1.8930and target price of 1.8700


FxWirePro-Major European Indices
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
FxWirePro: GBP/AUD dive post-CPI short-lived as traders prepare for BoE decision
FxWirePro: USD/CAD recovers slightly but trend is still bearish
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update
FxWirePro: EUR/NZD edges lower but bullish outlook persists
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout
FxWirePro- Woodies Pivot(Major)
FxWirePro:GBP/NZD recovers ground after early dip, bias bullish
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level 



