• GBP/NZD initially dipped but recovered ground on Wednesday as investors positioned ahead of Bank of England rate cut on Thursday.
• The Bank of England is widely anticipated to lower its benchmark interest rate from 4.25% to 4.00% at its policy meeting on Thursday, marking a shift toward monetary easing despite persistent inflationary pressures.
• June’s inflation reading came in at nearly double the central bank’s 2% target, highlighting the difficult balancing act policymakers face between supporting a slowing economy and containing price growth.
• Markets are also pricing in at least one more rate cut before the end of the year, as the BoE responds to weakening consumer demand and broader signs of economic fatigue.
• Immediate resistance is located at 2.2566(38.2%fib), any close above will push the pair towards 2.2633(Higher BB)
• Support is seen at 2.2493 (SMA 20) and break below could take the pair towards 2.2340 (Lower BB).
Recommendation: Be on sideliness


FxWirePro: USD/JPY edges higher but bulls lack punch
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
FxWirePro: GBP/USD recovers some ground but bears are not done yet
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY bears maintain upper hand
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar
FxWirePro: USD/ZAR sell bias remains below key resistance zone
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
FxWirePro: GBP/NZD extends decline , vulnerable to more downside 



