• 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.


FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal
FxWirePro: USD/JPY edges higher but bulls lack punch
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets
FxWirePro: USD/ZAR slips as SARB delivers surprise rate hike
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases
USD/CHF Smashes Higher to 0.7899 on Dollar Dominance—Bulls Bet on 0.7865 Dips for 0.8000 Breakout
FxWirePro: GBP/USD recovers some ground but bears are not done yet
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro: USD/ZAR sell bias remains below key resistance zone
FxWirePro- Major Crypto levels and bias summary
Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup
FxWirePro: GBP/NZD extends decline , vulnerable to more downside 



