GBPNZD 25th JANUARY 2023

٢٥ يناير ٢٠٢٣

Bank of England is projected to raise interest rates by 50 basis points (bp) to 4% on February 2nd. There is another possibility that the Bank will add 25 basis points in March, making the peak rate 4.25%. This news could support a buy the rumor sentiment in Pound Sterling.
GBPNZD is in the H4 support area and RSI 10 is oversold. Technically, if both reasons are valid, the price will be bullish in the future.