•GBP/NZD trimmed its earlier gains on Wednesday after hot UK consumer inflation data raised new worries over an economic slowdown.
•GBP/NZD has been consolidating of late on expectations that the BoE would accelerate near-term rate hikes.
•The pair stalled ahead of key resistance, a break above 23.6% fib would likely take the pair upside towards.
•Technical signals are bullish as RSI is at 56, daily momentum studies 5, 9 and 10 DMAs are trending north.
•Immediate resistance is located at 1.9537 (Higher BB ), any close above will push the pair towards 1.9614(23.6% fib).
•Strong support is seen at 1.9406 (5DMA) and break below could take the pair towards 1.9376(38.2% fib).
Recommendation: Good to buy on dips around 1.9460, with stop loss of 1.9360 and target price of 1.9580.


FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
FxWirePro: USD/CAD edges lower but bullish outlook persists
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
FxWirePro: NZD/USD gains as U.S.-Iran peace hopes boost risk sentiment
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
Major Pair Action Bias: Bullish Pairs to Watch Out For
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
FxWirePro:USD/JPY hovers near a four-decade low
FxWirePro: USD/ZAR retreats slightly but bias is bullish
FxWirePro: GBP/NZD gains some ground but outlook is bearish
NZDJPY Action Bias: Bullish Dip-Buying Opportunity on Broad Yen Weakness
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path 



