• GBP/NZD dipped on Monday as concern UK may be heading towards hard Brexit weighed on sterling.
• At GMT 16:54, the pair was trading down 0.83 percent at 1.9180 after reaching daily low at 1.9144.
• UK June inflation figures are due on Wednesday, with annualized CPI forecast to match May's four-year low of 0.5% .
•A CPI miss would be a boost for doves advocating more quantitative easing from the Bank of England, that may put further downside pressure.
• Technicals are favouring bearish sentiment as RSI is at 38 and the pair is trading below 11 & 21-DMAs.
• Immediate resistance is located at 1.9180 (38.2% fib), any close above will push the pair towards 1.9250 (21 DMA)
• Support is seen at 1.9148 (Daily low ) and break below could take the pair towards 1.9029 (23.6% fib).
Recommendation: Good to sell around 1.9180, with stop loss of 1.9300 and target price of 1.9080


Buy the Dips on EUR/JPY: Bullish Structure Points to 188 Target Ahead of Fed
FxWirePro- Major Pair levels and bias summary
Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish
FxWirePro: USD/ CNY hits one-month low,scope for futher downside
FxWirePro : GBP/NZD strongly bearish despite upside attempts
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup
JPY Action Bias: EURJPY and CADJPY Emerge as Extremely Bullish Pairs to Watch
FxWirePro: AUD/USD dips below lower range, bearish bias increases
FxWirePro: USD/ZAR firms ahead of Fed interest rate decision
FxWirePro: GBP/USD rises as soft US data pressures dollar
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/AUD regains upwards momentum but unable to hold above 50%fib level
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target 



