• GBP/ NZD extended its yesterday’s losses on Wednesday as improvement in global risk appetite and higher commodity prices made New Zealand dollar gain against the pound.
• The pair attempted to breach support at 1.9164 (23.6% fib) and recovered slightly towards towards 1.9200 level . A decisive break closure below 1.9164 (23.6% fib) could generate further downtrend.
• Technical signals are bearish as RSI is heading down at 29, daily momentum studies 5, 9 and 11 DMAs are trending down.
• Immediate resistance is located at 1.9238 (38.2% fib), any close above will push the pair towards 1.9290 (50% fib).
• Immediate support is seen at 1.9164 (23.6% fib) and break below could take the pair towards 1.9100 (Psychological level).
Recommendation: Good to sell around 1.9220, with stop loss of 1.9280 and target price of 1.9100


CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 



