• GBP/NZD initially gained on Monday but gains were limited as traders turned wary of growing political uncertainty in Britain.
• Johnson's resignation has deepened uncertainty over the UK economy, which is already under pressure from near double-digit inflation, the risk of recession and Brexit.
• At GMT 19:11, the pair was trading up 0.01 percent at 1.9437 after reaching daily high at 1.9502.
• Technical signals are trending down as RSI is bearish at 49, daily momentum studies 9 and 11 DMAs are trending down.
• Immediate resistance is located at 1.0454 ( 9DMA), any close above will push the pair towards 1.9494 (50% fib)
• Immediate support is seen at 1.9382 (38.2% fib) and break below could take the pair towards 1.9292(Lower BB).
Recommendation: Good to sell around 1.9450, with stop loss of 1.5600 and target price of 1.9300


FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
FxWirePro: GBP/NZD gains some ground but outlook is bearish
FxWirePro- Woodies pivot (Major)
FxWirePro:USD/JPY hovers near a four-decade low
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
Major Pair Action Bias: Bullish Pairs to Watch Out For
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
NZDJPY Action Bias: Bullish Dip-Buying Opportunity on Broad Yen Weakness
FxWirePro: AUD/USD gains on Iran-US truce hopes, risk rally
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro: USD/CNY dips as yuan firms on improving risk appetite
FxWirePro: USD/CNY edges higher but bulls lack punch 



