• GBP/NZD recovered some ground on Wednesday as risk-sensitive pound was supported by global equity gains.
•The pair is holding near today's high, but repeated failures to push above 2.0232 resistance is discouraging longs.
• The underlying trend for the pair remains bearish. A potential break below 23.6%fib support could intensify downward momentum.
• Technical signals are strongly bearish as RSI is lower at 35, moving averages are trending down.
• Immediate resistance is located at 2.0232(38.2% fib), any close above will push the pair towards 2.0342( 50% fib).
• Immediate support is seen at 2.0094(23.6%fib) and break below could take the pair towards 2.0000( Psychological level).
Recommendation: Good to sell around 2.0200, with stop loss of 2.0280 and target price of 2.0120


FxWirePro- Major Pair levels and bias summary
Major Pairs Bias: USDCHF Bullish While GBPUSD Turns Bearish
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro: GBP/AUD downtrend loses steam but outlook still bearish
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/USD stays below 1.3400 level following cooler inflation report
AUDJPY Extends Four-Day Rally as Yen Weakness Fuels Fresh Buying Opportunity
FxWirePro:USD/JPY holds above 163 as intervention fears keep traders on edge
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
NZDJPY Dips Create Fresh Buy Opportunity as Key Support Holds
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD edges lower but bullish outlook persists
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades 



