• GBP/NZD retreated from daily high on Wednesday as high inflation reading deepened worries that the Bank of England (BoE) may keep interest rates higher for longer.
• Data showed UK inflation defied predictions of a slowdown and held at 8.7% in May, putting yet more pressure on the BoE a day before it is expected to raise interest rates on Thursday.
• Technical are mixed RSI is at 58 bullish , daily momentum studies 5, 9 and 11 DMAs are trending down.
• Immediate resistance is located at 2.0724 (Higher BB), any close above will push the pair towards 2.0807(23.6%fib).
• Immediate support is seen at 2.0558 (Daily low) and break below could take the pair towards 2.0522 (38.2%fib)
Recommendation: Be on sidelines


FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Crypto levels and bias summary
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro:EUR/AUD eases but bullish outlook persists
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path 



