• GBP/NZD initially dipped on Monday but recovered ground as diverging UK-U.S. rates supported the pair .
• The BoE has raised interest rates 11 times in a row with its next meeting set for May.
• The pair was trading was last trading at 1.9713 after hitting daily high at 1.9771.
• Technicals are favouring bullish sentiment as RSI is at 57 and the pair is trading above5, 11 & 14-DMAs.
• Immediate resistance is located at 1.9780(23.6% fib), any close above will push the pair towards 1.8843 (March 30th high)
• Support is seen at 1.9688(14DMA) and break below could take the pair towards 1.9634(38.2% fib).
Recommendation: Good to buy around 1.9710, with stop loss of 1.9600 and target price of 1.9780


FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR sell bias remains below key resistance zone
FxWirePro: USD/CAD bulls continue to hold the higher ground
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
FxWirePro- Major Pair levels and bias summary
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: USD/CNY bears maintain upper hand
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit 



