• GBP/NZD declined sharply on Friday as worse than expected UK December retail sales data weighed on sterling .
• Sales volumes were down by 5.8% compared with December 2021, the biggest fall for that month in records going back to 1997, and the ninth month in a row that they fell in annual term
•The is pair heading towards the lower bollinger band, as near term direction of the pair is likely to be driven by current price action.
• Technical are bearish, daily RSI is negative at 49, daily momentum studies 9 and 10 DMAs are trending down.
• Immediate resistance is located at 1.9226 (50% fib), any close above will push the pair towards 1.9300 (Dec 26th high).
•Strong support is seen at 1.9157 (9DMA) and break below could take the pair towards 1.9083(38.2% fib).
Recommendation: Good to sell on around 1.9170, with stop loss of 1.9260 and target price of 1.9100


FxWirePro- Woodies Pivot(Major)
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/USD recovers slightly from early decline ahead of Bank of England’s interest rate decision
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro-Major European Indices
FxWirePro: GBP/NZD remains bullish as rally continues
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path 



