• GBP/NZD dropped sharply on Thursday as a dovish Bank of England rate cut heightened expectations of further cuts.
• The BoE cut rates to 4.5% as expected, though two policymakers advocated for a larger rate cut.
• Traders are now expecting 63 basis points in rate reductions by the end of the year from around 60 bps before the meeting.
• Technicals are favouring bearish sentiment as RSI is at 48 and the pair is trading below 11,14 & 21-DMAs.
• Immediate resistance is located at 2.2023(50% fib), any close above will push the pair towards 2.1238 (Higher BB)
• Strong support is seen at 2.1888(38.2% fib)and break below could take the pair towards 2.1693(23.6% fib).
Recommendation: Good to sell around 2.1940, with stop loss of 2.1990 and target price of 2.1820


FxWirePro: AUD/USD better risk puts bulls back in charge
Major Crypto Action Bias: BTC, ETH & SOL Turn Bullish – SOLUSD Leads as the Top Pair to Watch
AUDJPY Surges on Aussie Strength: Buy Dips Toward 117/118 as Bullish Momentum Accelerates
JPY Action Bias: NZDJPY and AUDJPY Stand Out as the Most Bullish Pairs
FxWirePro: GBP/USD falls as investors assess Britain's political transition
FxWirePro: GBP/AUD dips amid heightened Geopolitical concerns
ETHUSD Breaks Above $1900 as Bulls Eye $2300 and Beyond
FxWirePro: USD/CNY dips as yuan firms as investors await policy cues
BTCUSD Holds Above 365 EMA as Bullish Momentum Builds Toward $70K
FxWirePro- USD/CHF Holds Above 0.8120 as Bulls Target 0.8200
FxWirePro :USD/JPY drifts above 162 as range trading persists
NZDJPY Bullish Above 95: Buy Dips Toward 97 as Kiwi Strength Holds Firm
FxWirePro- Major Pair levels and bias summary
Bitcoin Holds Above $65K as Institutional Inflows Resume; Buy Dips Near $64K
FxWirePro: USD/CAD advances as loonie dips on softer Inflation and Middle East uncertainty
FxWirePro: GBP/USD slips as Middle East tensions boost safe-haven dollar 



