• 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


FxWirePro: EUR/ NZD dips below lower range, bearish bias increases
FxWirePro: GBP/USD recovers some ground but bears are not done yet
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
FxWirePro: USD/CNY bears maintain upper hand
FxWirePro- Major Pair 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
FxWirePro: USD/ZAR slips as SARB delivers surprise rate hike
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets
FxWirePro- Major Crypto levels and bias summary
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro- Major Crypto levels and bias summary
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar
FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level 



