• GBP/NZD traded flat on Thursday as investors turned cautious over inflation risks and the Bank of England's interest rate outlook.
• BoE policymaker Megan Greene said Wednesday that inflation risks in Britain are likely to be stronger than the central bank’s projections, warranting a cautious stance on further interest rate cuts..
• The UK posted the highest inflation rate among G7 economies at 3.8% in August, with the Bank of England expecting it to peak at 4% in September before gradually returning to its 2% target by spring 2027.
•Investor focus is now on Friday’s Personal Consumption Expenditures (PCE) index, the Federal Reserve’s preferred inflation metric, which could impact expectations for upcoming interest rate moves.
• Technicals are favouring bearish bullishas RSI is at 65 and the pair is trading above 9,11& 14-DMAs.
• Immediate resistance is located at 2.3153(23.6% fib), any close above will push the pair towards 2.13189 (Higher BB)
• Strong support is seen at 2.3079(Sep 25th low)and break below could take the pair towards 2.3000 (Psychological level).
Recommendation: Be on sidelines


FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/AUD claws back some losses but rcovery likely muted
FxWirePro: USD/ZAR edges lower ,investors remain on edge
Pound Sterling Power: GBP/JPY Secures Third Day of Gains as Global Risk Tensions Recede
Euro Ascendant: EUR/USD Breaks $1.17 as Geopolitical Relief Sparks a Bullish Surge
Bitcoin’s Islamabad Watch: BTCUSD Consolidates Near 71,421 USD as Geopolitical Peace Talks Loom
FxWirePro: USD/CAD extends decline on broad dollar weakness
Pound on Pause: GBPJPY Bulls Regroup for a Potential Sprint Toward 215.00
Kiwi Ascendant: NZDJPY Bulls Eye Multi-Year Peaks Amid Triple-Day Rally
FxWirePro -Major European Indices
Ethereum Reclaims Higher Ground: Ether Bulls Target $2,700 as Middle East Tensions Thaw
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows
FxWirePro:NZD/USD continues to recovers , upside pressure builds
FxWirePro- Major Crypto levels and bias summary
Ethereum’s Healthy Correction: Bulls Eye Strategic Re-Entry at 2,150 USD Following Profit-Booking Pullback
FxWirePro: USD/JPY steadies around 158.75, bias bullish 



