• GBP/NZD dipped on Thursday as spiralling inflation fed into fears of a deep recession in Britain weighed on the pair.
• Investors are worried about the British economy's outlook, with a surge in energy prices in winter expected to squeeze consumer spending power further.
•Technical signals are bearish as RSI is at 42, daily momentum studies 5, 9 and 11 DMAs are trending down.
• Immediate resistance is located at 1.9015 (9DMA), any close above will push the pair towards 1.9064 (38.2%fib)
• Immediate support is seen at 1.8946 (23.6%fib ) and break below could take the pair towards 1.8849 (Lower BB).
Recommendation: Good to sell around 1.9000, with stop loss of 1.9100 and target price of 1.8880.


FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro- Major European Indices
FxWirePro- Major Crypto levels and bias summary
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance
FxWirePro: USD/JPY dips as yen strengthens ahead of BOJ policy meeting
FxWirePro: USD/CNY outlook weaker on renewed downside pressure
FxWirePro: USD/ZAR attracts selling interest, could be on verge of a bigger drop
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
FxWirePro- Major European Indices
CAD/JPY Dips on Soft Canadian CPI: Buy the Dip to 115?
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
ETHUSD Dips Below $3000 on BOJ Rate Hike Fears: Buy the Dip at $2700, Targeting $4000?
FxWirePro: NZD/USD downside pressure builds, key support level in focus 



