• GBP/NZD retreated on Monday as the pair rise faded as investors reassessed their expectations for the UK economy and interest rates.
• GBP/NZD has been consolidating of late, partly on optimism that BoE increase rates.
• Currently, the 2.0594 (38.2% fib) barrier is restricting lower move, will likely be a speed bump to bears.
• Technical signals are bullish as RSI is at 56, daily momentum studies 5, 9 and 10 DMAs are trending north.
• Immediate resistance is located at 2.0744 (23.6% fib), any close above will push the pair towards 2.0814 (Higher BB).
• Strong support is seen at 2.0594 (38.2% fib) and break below could take the pair towards 2.0493(July 5th low).
Recommendation: Good to buy on dips around 2.0640, with stop loss of 2.0600 and target price of 2.0760.


Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro- Major European Indices
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/ZAR edges higher but bearish outlook persists
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 



