• GBP/NZD declined on Tuesday as doubts grow about the utility of BoE rate hikes expected next year amid an energy crunch and economic bottlenecks.
•Bank of England Governor Andrew Bailey reiterated the tightening bias on Monday but also said monetary policy should not respond to supply shocks that do not affect inflation expectations.
•At GMT 20:13, the pair was trading down 0.31 percent at 1.9452 after reaching daily low at 1.9418.
• Technical signals show the pair could lose more ground in the short-term as RSI is at 45 bearish, daily momentum studies 5, 10 and 21 DMAs are trending down.
• Immediate resistance is located at 1.9565 (50%fib),any close above will push the pair towards 1.9643 (50DMA ).
• Immediate support is seen at 1.9446 (38.2% fib) and break below could take the pair towards 1.9311(23.6% fib).
Recommendation: Good to around 1.9460, with stop loss of 1.9550 and target price of 1.9360


FxWirePro: GBP/NZD gains some ground but outlook is bearish
FxWirePro- Major Crypto levels and bias summary
Euro-Yen Retreats From 186.20 Peak, but Bulls Reload for a Run at 188
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD edges lower as risk appetite sours on Geopolitical woe
FxWirePro- Major European Indices
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
FxWirePro: EUR/ NZD stuck in range but outlook is bearish
NZDJPY Catches Its Breath: Bulls Defend 94 Floor With Sights Set on 96–97
AUDJPY Extends Five-Day Rampage to Near 115 as Yen Crumbles; Bulls Target 116–117
ETH Cracks $2,000: $241M Institutional Exodus From Spot ETFs Sends Bears Hunting $1,700
FxWirePro: GBP/USD falls to two-day low, scope for further downside
FxWirePro: GBP/NZD edges higher but outlook is bearish
FxWirePro: GBP/AUD regains upwards momentum but unable to hold above 38.2% fib
FxWirePro :AUD/USD softens as GDP slightly undershoots forecast
FxWirePro: NZD/USD dips as Middle East tensions weigh on sentiment 



