• GBP/NZD eased on Wednesday as expectations of further monetary policy easing kept bearish pressure on sterling
• Markets seem to overlook new tariff threats from U.S. President Donald Trump, who vowed to impose tariffs on the EU and discussed a 10% duty on Chinese imports.
• Markets are currently pricing in approximately 65 basis points of rate cuts from the Bank of England this year.
• The pair has seen 2.1829 from 2.1728 range on Wednesday , chart points to an drop towards level 2.1600.
• Immediate resistance is located at 2.1829 (Jan 22nd high), any close above will push the pair towards 2.1914(50%fib).
• Immediate support is seen at 2.1722(38.2%fib) and break below could take the pair towards 2.1575(Lower BB).
Recommendation: Good to sell round 2.1760, with stop loss of 2.1850 and target price of 2.1620


FxWirePro: GBP/AUD falls after BoE rate hold
FxWirePro: USD/ZAR slips as rand benefits from steady commodity prices
FxWirePro: EUR/AUD downside pressure builds, key support level in focus
FxWirePro: EUR/AUD downtrend loses momentum, bearish bias prevails
JPY Major Currency Score
BoE Pause Pulls Back Sterling: GBP/JPY Dips to 207.92 Despite Hawkish Undercurrents
FxWirePro: GBP/USD falls after BoE holds rates and warns of further hikes
AUDJPY Soars Past 112 on BOJ Rate Hike, Technicals Signal Bullish Momentum
FxWirePro: GBP/NZD bulls gear up for next leg higher, eyes 2.3500level
FxWirePro: USD/JPY rises as yen weakens following BOJ's 25bp rate hike
EUR/USD Dips Below 1.1500 Amidst Divergent Central Bank Policies and USD Strength
FxWirePro: USD/ZAR edges higher as rand weakens ahead of South Africa inflation data
USD/CHF Blasts Past 0.8250: Technicals Signal Next Stop at 0.8340
FxWirePro: USD/CAD loses upside momentum but outlook is bullish
FxWirePro: GBP/USD gains some traction after UK retail sales beat expectation
FxWirePro: NZD/USD edges lower, remains on back foot 



