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FxWirePro: GBP/NZD bull lose traction, cannot add to overnight gains

• GBP/NZD dipped on Thursday as rebounding US Treasury yields and less hawkish than markets expected ECB weighed on pair.

• GBP/NZD drifted back   on Thursday . 1.9248 is low so far is  and it is hovering just above 38.2%fib into the US afternoon.

• A daily close below 38.2%fib will accelerate downtrend towards 1.9000 (Psychological level).

• Immediate resistance is located at 1.8098 (38.2%fib ), any close above will push the pair towards 1.8209 (Daily high).

• Immediate support is seen at 1.8015(21DMA ), break below could take the pair towards 1.7963 (50%fib).

Recommendation: Good to sell   around 1.9260, with stop loss of 1.9400 and target price of 1.9100

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