• GBP/NZD recovered some ground on Thursday and is back above 2.0000 Psychological level.
•The pair hit daily high at 2.0031 and was last trading at 2.0004 at (GMT 16:31).
• The pair is expected to resume its downtrend, only a break and daily close above 23.6% fib at 2.0117 will shift bias to the upside.
• Technically 11 day and 21-day momentum remains negative and RSI is down at 40.
• Immediate resistance is located at 2.0024 ( 200 DMA), any close above will push the pair towards 2.0117 ( 50% fib).
• Immediate support is seen at 1.9889 (Daily low) and break below could take the pair towards 1.9851 (Lower BB).
Recommendation: Good to sell below 2.0050, with stop loss of 2.0120 and target price of 1.9850


EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup
FxWirePro: AUD/USD dips below lower range, bearish bias increases
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
FxWirePro:EUR/NZD gains some upside momentum but still bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR firms ahead of Fed interest rate decision
NZD/JPY Flatlines Near 94.60: Will Key Support Reignite the Uptrend?
FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision
FxWirePro: NZD/USD firms as Kiwi gains on strong ANZ business outlook data
Buy the Dips on EUR/JPY: Bullish Structure Points to 188 Target Ahead of Fed
FxWirePro: USD/CAD slips after Fed holds rates steady
FxWirePro: EUR/AUD regains upwards momentum but unable to hold above 50%fib level
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ CNY hits one-month low,scope for futher downside
JPY Action Bias: EURJPY and CADJPY Emerge as Extremely Bullish Pairs to Watch 



