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EUR/JPY Retreats: Yen Strength Caps Rally, Bearish Bias Intact Below 183.15 
• GBP/NZD initially gained on Tuesday but gave up ground as investors awaited Bank of England's rate decision on Thursday.
• Markets expect a 50bp hike Thursday and traders will pay keen attention to the nature to the vote count, with a dovish tightening move is likely to send GBP/NZD lower.
• In an up-and-down session, the pair hit daily high at 1.9203 in early trading then dipped towards 1.9100
• Technical signals are bearish as RSI is heading down 49 , daily momentum studies 9, 11 and 14 DMAs are trending down.
• Immediate resistance is located at 1.9174 (38.2%fib ), any close above will push the pair towards 1.9196 (Daily high).
• Strong support is seen at 1.9109 (5DMA) and break below could take the pair towards 1.9196 (23.6%fib).
Recommendation: Good to sell on around 1.9170, with stop loss of 1.9280 and target price of 1.9100
