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FxWirePro: GBP/NZD steadies around 2.3060 , retains bid tone

• GBP/NZD steadied  on Wednesday as investors closely monitoring the latest flare-up between the U.S. and Iran.

• Iran’s Revolutionary Guards said they launched missile and drone attacks on U.S. bases in Jordan, Kuwait, and Bahrain in retaliation for American strikes near the Strait of Hormuz.

Currency markets largely shrugged off the latest attacks, focusing instead on hopes for a resolution to the conflict.

• Markets are focused on Friday’s UK GDP data, with more key catalysts for sterling expected next week.

The BoE’s rate decision is due on June 18, with markets pricing a 90% chance of no change, while investors watch for guidance on the policy outlook.

 • Immediate resistance is located at 2.3177(38.2%fib), any close above will push the pair towards 23265(Higher BB).

• Immediate support is seen at 2.2953(50%fib) and break below could take the pair towards 2.2884(SMA 20).

Recommendation: Good to sell around 2.3040  with stop loss of 2.2950  and target price of 2.3100  

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