• GBP/NZD declined sharply on Thursday after the Bank of England held interest rates steady, indicating an end to its rate-hike cycle.
• Bank of England ‘s move followed the U.S. Federal Reserve holding its interest rates steady on Wednesday.
• A close below support at 23.6 % fib support will give further momentum to bears, opening the way for a run towards 2.0600 level.
• Technical signals show the pair could lose more ground in the short-term as RSI is at 32 bearish, daily momentum studies 5, 10 and 21 DMAs are trending down.
• Immediate resistance is located at 2.0845 (38.2 % fib),any close above will push the pair towards 2.0881 (5DMA).
• Immediate support is seen at 2.0690 (23.6 % fib) and break below could take the pair towards 2.0610 (July 25th low)
Recommendation: Good to sell below 2.0720, with stop loss of 2.0850 and target price of 2.0600


FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR retreats slightly but bias is bullish
FxWirePro: USD/CNY edges higher but bulls lack punch
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
FxWirePro: GBP/NZD gains some ground but outlook is bearish
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
Crypto Bias Report: Trend Signals and Top Bullish Picks
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
FxWirePro:USD/JPY hovers near a four-decade low
FxWirePro: GBP/AUD bears maintain upper hand
BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus 



