• GBP/ NZD traded in quiet range on Wednesday as longs ceded some ground ahead of US inflation report.
• Investors are focused on Thursday's U.S. inflation data, which looms large in a market hungry for clues on the path for Fed policy.
• At GMT 19:35, the pair was trading down 0.09 percent at 2.0996 , daily close above 23.6%fib will increase the scope for much bigger gains.
• From a technical viewpoint, the moving averages are pointing upwards, while the RSI is strongly bullish at 60.
• Immediate resistance is located at 2.1067 (23.6%fib), any close above will push the pair towards 2.1119 (Higher BB).
• Strong support is seen at 2.0950(5DMA) and break below could take the pair towards 2.0840 (38.2%fib)
Recommendation: Good to buy around 2.0990 with stop loss of 2.0810 and target price of 2.1100


FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro- Major European Indices
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro- Major Pair levels and bias summary
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro: GBP/AUD moves lower on weak UK data
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 



