• GBP/ NZD strengthened on Tuesday as traders lighten long positions ahead of Wednesday's UK CPI release and Thursday's Bank of England rate announcement.
• Wednesday's UK price data is forecast to dip to 8.4% year-over-year from 8.7% in April..
• A close above 2.0726 should trigger a new bullish phase with potential for 2.0800
• Technical signals show the pair could gain more ground in the short-term as RSI is at 64,while moving averages and MACD are trending higher.
• Immediate resistance is located at 2.0726 ( Higher BB), any close above will push the pair towards 2.0804(23.6%fib).
• Immediate support is seen at 2.0596 (Daily low) and break below could take the pair towards 1.20527 (38.2%fib).
Recommendation: Good to buy around 2.0680, with stop loss of 2.0600 and target price of 2.0740


AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
FxWirePro- Major Crypto levels and bias summary
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
AUDJPY Extends Four-Day Rally as Yen Weakness Fuels Fresh Buying Opportunity
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
FxWirePro: USD/CNY edges higher but bulls lack punch
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro:USD/JPY hovers near a four-decade low
FxWirePro: GBP/NZD gains some ground but outlook is bearish
NZDJPY Dips Create Fresh Buy Opportunity as Key Support Holds
FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound
FxWirePro- Major Crypto levels and bias summary 



