• GBP/NZD dipped on Wednesday after in-line inflation UK reading reinforced expectations that the Bank of England will keep interest rates unchanged at its September meeting..
• UK annual inflation rose to 2.9% in July from 2.6% in June, driven partly by a 13% increase in household energy price caps.
•Economists expected inflation to rise to 2.9%, above the Bank of England’s 2.8% forecast, with inflation seen peaking at 3.2% later this year.
• Markets are pricing in at least one rate hike this year, while most Reuters-polled economists expect rates to remain at 3.75%.
• Immediate resistance is located at 2.2975(38.2%fib), any close above will push the pair towards 2.3088(SMA20).
• Immediate support is seen at 2.2816(Lower BB) and break below could take the pair towards 2.2749(38.2%fib).
Recommendation: Good to sell around 2.2980 , with stop loss of 2.3080 and target price of 2.2900


FxWirePro: USD/ZAR runs out of steam but mains bullish outlook
NZDJPY Faces Resistance: Sell on Rallies as Downtrend Favors Bears
Pressure on the Rupee: INR Slides to Seven-Week Low Amid Triple Macro Threat
FxWirePro: USD/JPY trades in tight range ahead of event risks
FxWirePro: EUR/NZD steadies 2.0030, retains bid tone
FxWirePro: USD/ZAR edges higher as market brace for Fed rate decision
FxWirePro- Major Crypto levels and bias summary
Bitcoin Dips Below $76,000 Amidst ETF Outflows and Technical Signals
JPY Major Currency Score: NZDJPY, AUDJPY, GBPJPY, EURJPY Show Bearish Trend
EURUSD: Bearish Trend Suggests Selling on Rallies Near 1.15670 Ahead of Fed Decision
FxWirePro: AUD/USD dips as dollar firms on Fed rate hike bets
FxWirePro: GBP/AUD neutral in the near term, scope for further downside
AUDJPY Pullback Presents Selling Opportunity Above 110.50
FxWirePro: USD/CNY edges lower ahead of Fed outcome
FxWirePro: USD/JPY advances ahead of Fed and BOJ rate decisions
AUDJPY: Bearish Outlook Despite Short-Term Bullish Signals, Sell Rallies Near 110.78
FxWirePro: NZD/USD edges lower ahead Of FOMC decision 



