• GBP/NZD rose higher on Thursday as broad kiwi dollar weakness and BoE's rate hike expectation boosted the pair.
• At GMT 22:23, the pair was trading 0.11% higher at 2.0053, highest since 19th Aug 2021.
• GBP/NZD bullish structure is supported by rate markets indicating a 74% chance for a full 25bp rate hike after the BoE's Feb meeting.
• Technical signals are bullish as RSI is at 65, daily momentum studies 5,9,21 DMA are trending north.
• Immediate resistance is located at 2.0078(38.2% fib ), any close above will push the pair towards 20130(Au 17th 2020 high).
• Strong support is seen at 1.20000 (Psychological level) and break below could take the pair towards 1.9953 (50%fib).
Recommendation: Good to buy on dips around 2.0030 with stop loss of 1.9900 and target price of 2.0150.


GBPJPY Takes a Breather at 215 After Three-Week Rampage; Bulls Reload for 216–217
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY nears 160 as intervention risk intensifies
AUD/JPY Smashes Multi-Week Resistance at 114.73 After Prolonged Consolidation; Triple EMA Setup Targets 117
FxWirePro: NZD/USD dips as Middle East tensions weigh on sentiment
FxWirePro: EUR/ NZD stuck in range but outlook is bearish
FxWirePro: GBP/NZD edges higher but outlook is bearish
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
FxWirePro :AUD/USD softens as GDP slightly undershoots forecast
FxWirePro: USD/CAD steadies around 1.3840 ,retains bid one
FxWirePro: USD/JPY upside capped as intervention risk limit upside
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD holds narrow range, focus on near-term Support
GBP/JPY Holds the 215 Line as Yen Momentum Fades; Triple EMA Bulwark Eyes 217
AUDJPY Extends Five-Day Rampage to Near 115 as Yen Crumbles; Bulls Target 116–117 



