• GBP/NZD edged higher on Tuesday as investors geared up for the Bank of England policy meeting.
• The Bank of England (BoE) is expected to hold interest rates steady later this week, maintaining its cautious stance amid ongoing economic uncertainties.
•All 61 economists polled this week expect the BoE to leave rates on hold at 4.5%, with the next cut not likely until May.
• Meanwhile, markets are pricing in relatively hawkish policy, with barely two additional BoE cuts expected for the remainder of 2025.
• Immediate resistance is located at 2.2493(38.2%fib), any close above will push the pair towards 2.2752(23.6%fib).
• Immediate support is seen at 2.2292 (50%fib) and break below could take the pair towards 2.2096(61.8%fib).
Recommendation: Good to buy around 2.2200, with stop loss of 2.1900, and target price of 2.2350


FxWirePro: GBP/AUD gives up early gains after UK GDP shock
NZD/JPY: Bearish Momentum Builds — Sell the Rallies Below 90.90 for a Slide Toward 88.00
FxWirePro: AUD/USD dips on soft China data
FxWirePro- Major European Indices
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: USD/ZAR attracts selling interest, could be on verge of a bigger drop
FxWirePro: EUR/CAD gaining momentum for a move towards 1.6250 level
EUR/JPY Retreats: Yen Strength Caps Rally, Bearish Bias Intact Below 183.15
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
FxWirePro- Major Pair levels and bias summary
Yen Strikes Back: AUD/JPY Retreats as BOJ Policy Looms – Sell on Rallies to 100
FxWirePro: USD/CAD pauses decline,critical support lies ahead
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY outlook weaker on renewed downside pressure
CAD/JPY Dips on Soft Canadian CPI: Buy the Dip to 115?
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments 



