• GBP/NZD dipped on Wednesday as sterling retraced some of its earlier gains against the kiwi dollar.
• The pound slipped 0.37% to 2.1127, having climbed to its strongest level since August 26th high at 2.1269 on Tuesday.
• Technicals are favouring bearish sentiment as RSI is at 44 and the pair is trading below 5,10 & 11-DMAs.
• Immediate resistance is located at 2.1269(38.2% fib), any close above will push the pair towards 2.1344 (50%fib)
• Strong support is seen at 2.1119(38.2% fib)and break below could take the pair towards 2.1000 (Psychological level).
Recommendation: Good to sell around 2.1240, with stop loss of 2.1300 and target price of 2.1160


FxWirePro: GBP/AUD gives up early gains after UK GDP shock
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD recovers slightly but trend is still bearish
FxWirePro: AUD/USD hovers near three –month high, scope for further upside
FxWirePro: USD/JPY caught in narrow range, bias bearish
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints
FxWirePro: GBP/NZD gains some upside momentum but still bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
NZDJPY Poised to Pop: Buy-the-Dip Setup Above Key 90 Support
FxWirePro- Major European Indices
Bitcoin Yawns at Fed Cut – Coiled Tight at $92K: $90K Hold = Straight Shot to $100K 



