GBP/NZD chart on Trading View used for analysis
- GBP/NZD has recovered from lows of 1.8619 to close at 1.8863 on Tuesday's trade.
- The pair slumped lower after UK Parliament voted down PM May's Brexit deal, but recovered losses as the risk of no deal diminishes.
- Positive comments by UK’s Leadsom who said that the government will win confidence vote later provided a minor lift to the British Pound.
- GBP/NZD trades 0.57% higher on the day at 1.8972 at 0935 GMT, bias higher.
- Price action has broken above stiff resistance at 55-EMA at 1.8927.
- Stochastics and RSI have also turned higher and we see scope for test of 38.2% Fib.
- Retrace below 55-EMA negates bullish bias.
Support levels - 1.89, 1.8833 (20-DMA), 1.8678 (23.6% Fib)
Resistance levels - 1.9020 (38.2% Fib), 1.9101 (110-EMA), 1.9292 (100-DMA)
Recommendation: Stay long on close above 55-EMA, SL: 1.8855, TP: 1.9020/ 1.91/ 1.9290
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: AUD/USD gains some ground but outlook is bearish
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
FxWirePro- Major Crypto levels and bias summary
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: USD/JPY dips as market assess risk of additional FX intervention.
All Major JPY Pairs Hit Extreme Bearish Score of -100: USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY & CADJPY Flash Maximum Weakness
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
FxWirePro: GBP/AUD drifts lower after BOE rate decision
FxWirePro- Major Crypto levels and bias summary
AUDJPY Bears Tighten Grip: Sell Rallies at 110.65-67 Targeting 107.75 as All EMAs Stay Red 



