• 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
