• GBP/NZD dipped on Wednesday as bears retained control following UK and New Zealand macroeconomic releases.
• British consumer price inflation decelerated to a two-and-a-half-year low of 3.2% in annual terms in March, slightly less than anticipated, compared to a 3.4% rise in February.
• New Zealand's CPI increased to 0.6%, with the annual inflation rate continuing to decline, as per the latest figures from Stats NZ. The CPI rose by 4.0% year-on-year in the first quarter of 2024.
• GBP/NZD drops swiftly from 2.1203 . Break lower at 38.2% fib risks run towards 2.0900 level.
• Immediate resistance is located at 2.1185 (23.6% fib), any close above will push the pair towards 2.1250 (Sep 8th high).
• Strong support is seen at 2.1040 (38.2% fib)and break below could take the pair towards 2.1020 (EMA 14).
Recommendation: Good to sell around 2.1070, with stop loss of 2.1100 and target price of 2.0950


FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
FxWirePro- Major European Indices
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro: USD/CNY downside pressure builds, key support level In focus
FxWirePro- Major Crypto levels and bias summary
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 



