• GBP/NZD steadied on Wednesday markets reacted to mixed signals from the UK inflation report.
• Britain saw a sharper-than-expected rise in inflation in April, leading investors to speculate that the Bank of England may slow its already cautious pace of interest rate cuts..
• The UK's annual inflation rate jumped to 3.5% in April, its highest level since January 2024. The sharp rise from 2.6% in March marked the biggest monthly increase since 2022, when inflation was soaring above 10%.
• Separately, data showed UK house prices increased at their fastest annual pace since late 2022, rising sharply in the 12 months to March.
• Immediate resistance is located at 2.2708(Higher BB) any close above will push the pair towards 2.2734(38.2% fib).
• Strong support is seen at 2.2560 (50% fib) and break below could take the pair towards 2394(61.8% fib)
Recommendation: Good to buy around 2.2600 , with stop loss of 2.0540 and target price of 2.2750


FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro- Major Crypto levels and bias summary
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
FxWirePro: GBP/NZD remains bullish as rally continues
FxWirePro- Major European Indices
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
FxWirePro: AUD/USD uptrend loses steam, remains on bullish path
FxWirePro- Woodies Pivot(Major)
BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update
FxWirePro-Major European Indices 



