• GBP/NZD after initially gaining the pair gave some ground as investors assessed UK rate cut procspect.
•The Bank of England is expected to cut interest rates by 25 basis points on Thursday. On the same day, markets will get a reading of Britain's PMI figures for January.
• In an up-and-down session, the pair hit high at 2.2227 in early trading then fell towards 2.2023.
• Technical signals bullish as RSI is up at 59, daily momentum studies are 9, and 11 DMAs are trending up.
• Immediate resistance is located at 2.2020 (38.2%fib), any close above will push the pair towards 2.2219 (Higher BB).
• Strong support is seen at 2.2023 (50%fib) and break below could take the pair towards 2.21864 (61.8%fib)
Recommendation: Good to buy around 2.2080 with stop loss of 2.1950 and target price of 2.2260


JPY Action Bias: USDJPY, AUDJPY & EURJPY Turn Extremely Bullish – Top Pairs to Watch
AUDJPY Pulls Back on Profit Booking: Buy Dips Toward 117/118
NZDJPY Dips Create Fresh Buy Opportunity as Key Support Holds
FxWirePro:USD/JPY holds above 163 as intervention fears keep traders on edge
Major Pairs Bias: USDCHF Bullish While GBPUSD Turns Bearish
Major Pair Action Bias: USDCHF Turns Bullish as EURUSD Stays Bearish – Key Pairs to Watch
FxWirePro: USD/CNY attracts selling interest, vulnerable to more downside
JPY Strength Alert: USDJPY, AUDJPY, EURJPY and CADJPY Turn Extremely Bullish
AUDJPY Extends Four-Day Rally as Yen Weakness Fuels Fresh Buying Opportunity
FxWirePro: USD/CAD retreats slightly but trend is still bullish
NZDJPY Pulls Back on Kiwi Weakness: Buy Dips at 94.40 Targeting 97
FxWirePro: EUR/ AUD dips below 1.6300 level, focus on near term support
FxWirePro:NZD/USD edges higher as kiwi firms on hawkish RBNZ outlook
FxWirePro: GBP/AUD downtrend loses steam but outlook still bearish
FxWirePro: EUR/ AUD downtrend loses steam, remains on bearish path
FxWirePro:USD/JPY hovers near 40-year peak,intervention fears linger 



