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GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212

NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92

FxWirePro- Major Pair market sentiment (CCI-ADX-EMA) setup

FxWirePro- Major European Indices

FxWirePro: GBP/USD dips lower on negative UK retail sales data

FxWirePro: GBP/NZD retreats slightly but trend is still bullish

CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116

FxWirePro- Major Pair levels and bias summary

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USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865

FxWirePro- Major Pair levels and bias summary

FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed

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FxWirePro:GBP/NZD downtrend extends ,eyes support at 23.6% fib

Friday, March 11, 2022 12:26 AM UTC

• GBP/NZD dipped on Thursday as gains in commodity market boosted demand for commodity linked kiwi dollar.

• Investors are betting that commodity-producing economies will pick up the slack caused by disruptions in Russian exports.

• Technicals are favouring bearish sentiment as RSI is at 38 and the pair is trading below 11 & 21-DMAs.

• Immediate resistance is located at 1.9168 (5DMA), any close above will push the pair towards 1.9217 (38.2% fib).

• Support is seen at 1.9033 (23.6% fib) and break below could take the pair towards 1.9798(Lower BB).

Recommendation: Good to sell around 1.9080, with stop loss of 1.9160 and target price of 1.9000

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FxWirePro:GBP/NZD downtrend extends ,eyes support at 23.6% fib

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