• GBP/NZD declined sharply on Friday as sterling was weighed down by soaring inflation, recession risks.
• Sterling is on course for daily fall of nearly 0.60% versus the kiwi dollar, and next week the pair could further fall as rising energy prices could fuel social unrest across .
• Technical signals are bearish as RSI is heading down at 34, daily momentum studies 5, 9 and 11 DMAs are trending down.
• Immediate resistance is located at 1.8926 (38.2%fib ), any close above will push the pair towards 1.8990 (9DMA).
• Strong support is seen at 1.8811 (23.6%fib) and break below could take the pair towards 1.8766 (Lower BB).
Recommendation: Good to sell on around 1.8830, with stop loss of 1.8900 and target price of 1.8740


FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral
FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro:USD/JPY hovers near a four-decade low
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
Crypto Bias Report: Trend Signals and Top Bullish Picks
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
FxWirePro: USD/CNY edges higher but bulls lack punch
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
FxWirePro: GBP/NZD gains some ground but outlook is bearish 



