• GBP/NZD recovered some ground on Wednesday as investors reassessed the Reserve Bank's policy outlook amid rising global inflation risks.
• The recent surge in oil prices, driven by the ongoing conflict in the Middle East, has raised concerns that inflationary pressures could strengthen.
• The Iran conflict remains the key wild card for pair. With inflation already above target, any oil shock could shift the focus from when the Bank of England cuts rates to whether it cuts at all.
• The Bank of England meets next week, with markets now expecting a wait-and-see approach instead of the previously anticipated March rate cut.
• Immediate resistance is located at 2.2716 (38.2%fib), any close above will push the pair towards 2.2825(Higher BB).
• Immediate support is seen at 2.2596(SMA20) and break below could take the pair towards 2.2424(23.6%fib).
Recommendation: Good to sell around 2.2700 with stop loss of 2.2780 and target price of 2.2660


FxWirePro- Woodies pivot (Major)
Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
USD/CHF Smashes Higher to 0.7899 on Dollar Dominance—Bulls Bet on 0.7865 Dips for 0.8000 Breakout
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red
FxWirePro: USD/CNY bears maintain upper hand
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
FxWirePro: GBP/USD recovers some ground but bears are not done yet 



