• GBP/NZD strengthened on Wednesday after data showed Britain's inflation peaked more than nine years last month, fueling expectations the Bank of England may act sooner to raise rates.
• Consumer prices in Britain rose 3.2% yoy last month, the biggest monthly jump in at least 24 years
• The is pair heading towards the 1.9516 (23.6%fib), as near term direction of the pair is likely to be driven by current price action.
• Technical are strongly bullish, daily RSI is positive at 26, daily momentum studies 9 and 10 DMAs are trending up.
• Immediate resistance is located at 1.9516 (23.6%fib), any close above will push the pair towards 1.9565 (20DMA).
• Strong support is seen at 1.9429 (38.2%fib) and break below could take the pair towards 1.9411(9DMA).
Recommendation: Good to buy around 1.9460, with stop loss of 1.9380 and target price of 1.9530


FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro- Major European Indices
FxWirePro: USD/ZAR edges higher but bearish outlook persists
Yen Capitulation Sends GBPJPY to 17-Year Peak – 212.60 Next?
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro: USD/ZAR extends losses ,eyes 16.400 level
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Pair levels and bias summary
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets 



