GBP/NZD chart on Trading View used for analysis
- GBP/NZD struggles to close below 55-EMA on Friday's trade.
- The pair is trading 0.09% higher on the day as sterling bulls buoyed on soft Brexit hopes.
- UK Prime Minister Theresa May, is on Tuesday, slated to address the UK's parliament in a bid to shore up political support back home.
- Clearing through the Breixit hurdle would help the BoE act accordingly should the economy warrant an interest rate hike.
- Momentum studies are bearish, we see no major signs of reversal.
- Bearish divergence on RSI and Stochs keeps scope for downside. Decisive break below 55-EMA to see further weakness.
Call update: Our previous call (https://www.econotimes.com/FxWirePro-GBP-loses-ground-after-UK-CPI-print-good-to-short-GBP-NZD-on-upticks-1444660) has hit TP1.
Recommendation: Book partial profits at lows. Watch out for break below 55-EMA for further weakness.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
All Major JPY Pairs Hit Extreme Bearish Score of -100: USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY & CADJPY Flash Maximum Weakness
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
EUR/JPY Under Pressure: Broad Yen Buying Keeps Bears in Control Below 183.00
DAX & CAC40 Score Perfect 100 Trend, FTSE100 Lags at 85 – Key Levels to Watch on the Perfect Scorers
FxWirePro: GBP/NZD downside pressure builds, key support level in focus
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/CNY downtrend loses steam, remains on bearish path
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD consolidating around 1.9185, bias is bearish
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
FxWirePro: USD/JPY dips as market assess risk of additional FX intervention. 



