• GBP/NZD initially rose on Wednesday but rally fizzled as markets digested hawkish remarks from Bank of England Governor Andrew Bailey .
• Bank of England Governor Andrew Bailey said last week's rise in interest rates reflected a resilient economy and unexpectedly persistent inflation.
• GBP/NZD rally stalled at 23.6% fib and pressure now shifts to the downside.
• Immediate resistance is located at 2.0804 (23rd June high),any close above will push the pair towards 2.0879 (23.6 % fib ).
• Immediate support is seen at 2.0668(38.2% fib) and break below could take the pair towards 2.0609 (11DMA )
Recommendation: Good to sell around 2.0800, with stop loss of 2.0900 and target price of 2.0720


Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro- Major Pair levels and bias summary
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro- Woodies Pivot(Major) 



