• GBP/NZD slumped to 1.8866 on Friday as after Truss's finance minister Kwasi Kwarteng announced he was slashing taxes to try to drive economic growth..
• Friday also saw September's flash UK PMI readings come in sub-50, marking a contraction in activity, including in the services sector - the dominant segment of the UK economy.
• The pair currently is approaching resistance at 1.8850 (23.6% fib). A break below would unmask 1.8800 level in the short term..
• Technicals are favouring bearish sentiment as RSI is at 40 and the pair is trading below 5,10 & 11-DMAs.
• Immediate resistance is located at 1.8993 (38.2% fib), any close above will push the pair towards 1.9079 (Sep 8th high)
• Strong support is seen at 1.8850 (23.6% fib)and break below could take the pair towards 1.8805(Lower BB).
Recommendation: Good to sell around 1.8866, with stop loss of 1.8950 and target price of 1.8780


FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro: USD/CNY dips as Yuan firms despite weak China factory data
FxWirePro: GBP/USD remains range-bound amid growing Middle East instability concerns
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro: USD/JPY remains in familiar place on intervention threat
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
NZDJPY Dips to 95.10: Bulls Buy the Pullback as Key 93.50 Support Keeps Uptrend Intact
FxWirePro: EUR/AUD holds narrow range, focus on near-term Support
FxWirePro: USD/ZAR sell bias remains below key resistance zone
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
FxWirePro: USD/ZAR recovers some ground but outlook is bearish
Pound Power Drives GBPJPY Past 214.50 — Buy-the-Dip Setup Targets 217
BTC Craters Below All Key EMAs: $2.63B ETF Selloff Triggers 'Sell on Rallies' to $67K 



