• GBP/NZD rose to hit five month high on Friday as the kiwi dollar remained weak, driven by expectations of further significant interest rate cuts from the Reserve Bank of New Zealand.
• The RBNZ has already lowered its official cash rate by 125bps to 4.25% this year and is anticipated to make an additional 50bps cut at its policy meeting in February next year.
•Rally towards is 2.1900 possible if GBP/NZD bulls overcome resistance at 38.2%fib
• Immediate resistance is located at 2.2030(23.6%fib), any close above will push the pair towards 2.211(Higher BB).
• Immediate support is seen at 2.1805 (50%fib) and break below could take the pair towards 2.1606(61.8%fib).
Recommendation: Good to buy around 2.1900, with stop loss of 2.1800 and target price of 2.1250


FxWirePro- Major Pair levels and bias summary
Aussie Ascent: AUDJPY Reclaims 110.00 as Bullish Momentum Ignites
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/USD stuck in range but maintains bearish bias
Kiwi Under Pressure: NZDJPY Signals Bearish Turn as Resistance at 92.00 Holds Firm
FxWirePro- Major European Indices
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
NZDJPY Bearish Breakdown: Why Selling the Rallies is the Strategic Play
FxWirePro: EUR/ NZD consolidating around 2.0200, room for further gains
Ethereum Braces for Volatility: Technicals Turn Bearish as Geopolitical Tensions Loom
FxWirePro: USD/JPY edges up as yen dips after soft household spending data
Ethereum Joins the Rally: ETH Reclaims USD 2,100 Following Bitcoin's Lead
FxWirePro- Major Pair levels and bias summary 



