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Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact

FxWirePro- Major European Indices

USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865

FxWirePro- Major Pair levels and bias summary

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FxWirePro- Major Pair levels and bias summary

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EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185

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FxWirePro: GBP/NZD rebounds, critical resistance lies ahead

Saturday, May 7, 2022 12:37 AM UTC

• GBP/NZD initially dipped on Friday but recovered ground as investors booked profits from recent fall.

•After four-days decline, pair has retreated to 1.9240. GBP/NZD may need a break above 38.2% fib to clear assault on 1.9400.

• Technical signals are mixed as RSI is at 51, daily momentum studies 5, 9 and 10 DMAs are trending down.

• Immediate resistance is located at 1.9270 (38.2%fib), any close above will push the pair towards 1.9328 (5DMA).

• Strong support is seen at 1.9083 (50%fib ) and break below could take the pair towards 1.8983 (Lower BB).

Recommendation: Good to buy around 1.9240, with stop loss of 1.9150 and target price of 1.9330

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FxWirePro: GBP/NZD rebounds, critical resistance lies ahead

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