FxWirePro: USD/JPY holds steady near 162 as traders await fresh catalysts 
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FxWirePro: GBP/USD under pressure despite UK's modest economic growth 
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Major Pair Action Bias: NZDUSD Turns Bullish While Other Majors Stay Neutral 
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FxWirePro: GBP/NZD downtrend loses steam, remains on bearish path 
Major Pair Action Bias: Extremely Bullish Surge Powers GBPUSD & NZDUSD as Bullish Momentum Ignites 
FxWirePro- Major Pair levels and bias summary 
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FxWirePro- Major Pair levels and bias summary 
JPY Action Bias: CADJPY Turns Extremely Bullish While Other Pairs Hold Positive Ground 
FxWirePro:EUR/NZD dips below lower range, bearish bias increases 
• GBP/NZD traded flat on Wednesday as investors looked ahead to fresh UK data , keeping the decline in check.
• Market participants are turning their attention to a busy slate of UK economic releases scheduled for Friday, which include monthly GDP, industrial production, and trade figures.
•Industrial production figures will shed light on the manufacturing sector’s output, a key driver of the UK economy, while trade data will highlight the balance between exports and imports, offering clues on external demand and the impact of global supply chains.
• These reports are expected to provide fresh insights into the health of the UK economy and help guide short-term market direction.
• Technicals are favouring bearish sentiment as RSI is at 47 and the pair is trading below 11,14 & 21-DMAs.
• Immediate resistance is located at 2.2902(50% fib), any close above will push the pair towards 2.2927(SMA 20)
• Strong support is seen at 2.2768 (61.8% fib)and break below could take the pair towards 2.2748(Lower BB).
Recommendation: Good to sell around 2.2800 with stop loss of 2.2900 and target price of 2.2720
