FxWirePro: GBP/NZD recovers slightly on signs of potential de-escalation in global tensions

• GBP/NZD recovered some     ground     as buyers emerged on a risk-on rally following President Trump’s postponement of military strikes on Iran’s power plants.

•  Donald Trump said on his Truth Social that the U.S. and Iran held “very good and productive” talks over the past two days, aiming for a complete resolution of Middle East hostilities

• Meanwhile, British Prime Minister Keir Starmer said on ​Monday there had been no ‌assessment that mainland Britain was being targeted by Iran.

•Starmer ​also ⁠said that any attempt to reopen the ​Strait of Hormuz needed ​careful ⁠consideration and a viable plan, and that his number ⁠one ​priority was to ​protect British interests and de-escalate.

• Daily technical indicators lean bullish, with RSI rising and   signaling further upside if the momentum holds.

• Immediate resistance is located at 2.2989(50%fib), any close above will push the pair towards 2.3077(Higher BB).

• Immediate support is seen at 2.2777(38.2%fib) and break below could take the pair towards 2.2718(SMA 20).

Recommendation: Good to buy  around 2.2900  with stop loss of 2.2850 and target price of 2.2980