• GBP/NZD fell sharply on Wednesday as sterling was weighed on below-forecast UK Jan CPI print.
•Official data showed that British inflation remained unchanged at 4.0% in January, defying predictions of an increase.
• At GMT 14:30, the pair was trading down 0.28 percent at 1.9078 after reaching daily low at 1.9125.
• Bearish are on course to force a daily close under 38.2%fib support,that would open the pathway to much bigger losses.
• Technicals are favouring bearish sentiment as RSI is at 38 and the pair is trading below 11 & 21-DMAs.
• Immediate resistance is located at 2.0763 (38.2%fib), any close above will push the pair towards 2.0815 (Daily high)
• Immediate support is seen at 2.0633 (38.2%fib ) and break below could take the pair towards 2.0547 (Lower BB).
Recommendation: Good to sell around 2.0640, with stop loss of 2.0800 and target price of 2.0560.


FxWirePro:NZD/USD edges higher as kiwi firms on hawkish RBNZ outlook
FxWirePro:USD/JPY holds above 163 as intervention fears keep traders on edge
FxWirePro- Woodies pivot (Major)
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY attracts selling interest, vulnerable to more downside
FxWirePro: GBP/NZD gains some upside momentum but still bearish
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD downtrend loses steam but outlook still bearish
NZDJPY Dips Create Fresh Buy Opportunity as Key Support Holds
FxWirePro: USD/CAD retreats slightly but trend is still bullish
AUDJPY Extends Four-Day Rally as Yen Weakness Fuels Fresh Buying Opportunity
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro- Major Crypto levels and bias summary 



