• 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: USD/CAD slides as U.S. dollar weakens after jobs data
FxWirePro: NZD/USD downside pressure builds, key support level in focus
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance
FxWirePro: USD/CNY outlook weaker on renewed downside pressure
CAD/JPY Dips on Soft Canadian CPI: Buy the Dip to 115?
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations
FxWirePro: USD/JPY dips as yen strengthens ahead of BOJ policy meeting
FxWirePro- Major European Indices
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance
FxWirePro- Major European Indices
FxWirePro: USD/ZAR attracts selling interest, could be on verge of a bigger drop
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
FxWirePro: EUR/CAD gaining momentum for a move towards 1.6250 level
FxWirePro- Major Crypto levels and bias summary 



