• GBP/NZD recovered some ground on Monday as sterling was supported after hawkish-leaning remarks by BoE policymaker Catherine Mann earlier in the day
• Bank of England policymaker Catherine Mann cautioned that businesses are still responding to high inflation, signaling that rate-setters cannot ease up in tackling price pressures.
•Mann noted that there’s still “work to do” to bring inflation down to the BOE’s 2% target, highlighting that firms consider inflation when setting prices a year in advance.
• Focus now turns to this week’s UK inflation data, ahead of the budget release and the BOE’s rate decision on December 18.
• Immediate resistance is located at 2.3446(Higher BB), any close above will push the pair towards 2.3482(23.6%fib).
• Immediate support is seen at 2.3158(SMA 20) and break below could take the pair towards 1.3107(38.2%fib).
Recommendation: Good to buy around 2.3240 with stop loss of 2.3150 and target price of 2.3400


FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: EUR/AUD poised for further downside after key fibo break
FxWirePro: AUD/USD firms as Australian household spending records sharp jump
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
Dollar Crumbles on Dovish Fed Bets – USD/CHF Eyes 0.7865 Next
AUDJPY Eyes New Highs: Bulls Hold 102 Support, Target 104
FxWirePro: USD/CAD extends drop, faces 50%fib support
FxWirePro: AUD/USD consolidates gains ,remains on positive footing
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY dips below lower range, bearish bias increases
FxWirePro: USD/ CNY gains some upside momentum but still bearish
FxWirePro: NZD/USD sustains gains as uptrend remains strong
FxWirePro: USD/CAD downside pressure builds, key support level in focus
NZDJPY Eyes Higher Ground: Buy the Dips as Bulls Defend 88.70 Support
FxWirePro: GBP/NZD edges higher but bearish outlook persists
GBPJPY Bulls on Guard: Buy the Dip at 206 as Support Holds Firm – Target 208 in Sight
NZDJPY Eyes Breakout: Buy the Dip as Bulls Guard 88.70 



