• GBP/NZD initially dipped but recovered ground as investors awaited Bank of England's next policy decision due later this week.
• The BoE is expected to cut rates by 25 bps to 4.25%, but markets will closely watch its statement amid calls for faster easing as Trump's tariffs weigh on global growth.
• Market participants are also eyeing comments from Bank of England Governor Andrew Bailey and MPC member Huw Pill, both scheduled to speak on Friday
• With global growth increasingly threatened by President Trump’s escalating tariff measures, many in the market believe the BoE may need to move more aggressively to support the UK economy.
• Technical signals are bearish as RSI bearish at 44 , daily momentum studies 5, 9 and 11 DMAs are trending down.
• Immediate resistance is located at 2.2424(50%fib ), any close above will push the pair towards 2.2532 (May 5th high).
• Strong support is seen at 2.2255(61.8%fib) and break below could take the pair towards 2.2146(Lower BB).
Recommendation: Good to sell around 2.2340, with stop loss of 2.2450 and target price of 2.2260


Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance
FxWirePro: USD/JPY dips as yen strengthens ahead of BOJ policy meeting
FxWirePro- Major European Indices
CAD/JPY Dips on Soft Canadian CPI: Buy the Dip to 115?
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/CAD gaining momentum for a move towards 1.6250 level
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD pauses decline,critical support lies ahead
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments
FxWirePro: NZD/USD downside pressure builds, key support level in focus
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
ETHUSD Dips Below $3000 on BOJ Rate Hike Fears: Buy the Dip at $2700, Targeting $4000?
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations
FxWirePro- Major Crypto levels and bias summary 



