• GBP/NZD dipped on Friday as negative UK retail sales data added to an already-gloomy economic outlook.
• Retail sales dropped 0.3% in December, following a revised 0.1% rise in November, according to the ONS.
• Traders added to their bets on Bank of England rate cuts after the figures, and now price in 66 basis points in cuts during 2025.
• A daily close below 38.2%fib will further improve the technical outlook, and open the possibility of a drop towards 2.1700 level.
• Immediate resistance is located at 2.1918(50%fib), any close above will push the pair towards 2.2085(Jan 13th high).
• Immediate support is seen at 2.1692 (38.2%fib) and break below could take the pair towards 2.1640(Lower BB).
Recommendation: Good to sell around 2.1830, with stop loss of 2.1900 and target price of 2.1740


FxWirePro: GBP/USD falls as investors assess Britain's political transition
FxWirePro: USD/CNY gains some upside momentum but bias still bearish
FxWirePro:GBP/AUD slips as markets assess Burnham's rise to UK premiership
FxWirePro: EUR/NZD outlook weaker on renewed downside pressure
FxWirePro: USD/CAD advances as loonie dips on softer Inflation and Middle East uncertainty
FxWirePro: GBP/USD slips as Middle East tensions boost safe-haven dollar
FxWirePro: NZD/USD rallies as NZ inflation hits 2-1/2-year high
FxWirePro :USD/JPY drifts above 162 as range trading persists
FxWirePro: AUD/USD bulls struggles as upside momentum fades
FxWirePro: GBP/NZD dips as sterling eases as Burnham steps in
FxWirePro: AUD/USD better risk puts bulls back in charge
FxWirePro: USD/CAD retains bid tone,eyes 1.4200 level
FxWirePro: GBP/AUD dips amid heightened Geopolitical concerns
BTCUSD Holds Above 365 EMA as Bullish Momentum Builds Toward $70K
FxWirePro: GBP/NZD downtrend loses steam, remains on bearish path
FxWirePro: USD/CNY dips as yuan firms as investors await policy cues 



