• GBP/NZD staged a sharp recovery on Friday as risk sentiment soured and investors booked profits on New Zealand dollars rally into the weekend.
•The pair hit daily high at 1.9383 and was last trading at 1.9360 up 0.76% at (GMT 17:33).
•Bulls will need a clear 1.9437 (9DMA) to take greater control, failure to break higher could lead to further downside.
• Technical signals lean bearish as RSI is at 45, and moving averages are trending down.
• Immediate resistance is located at 1.9403 ( 50% fib), any close above will push the pair towards 1.9437 (9DMA).
• Immediate support is seen at 1.9300 (38.2% fib) and break below could take the pair towards 1.9247 (Ichimoku Cloud Top).
Recommendation: Good to sell around 1.9380 with stop loss of 1.9450 and target price of 1.9320


NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists
EUR/GBP Holiday Slumber: Bearish Bias Intact Below 0.8800 Resistance
FxWirePro: EUR/CAD slips as firm oil price lift loonie despite soft GDP data
NZDJPY: Bearish Signals Sell-on-Rally Opportunity Below 92
0.7870 Break Looms – Next Stop 0.7800 for USDCHF?
211.55 Ceiling Holds: GBPJPY Profit-Taking Turns Bearish
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path
FxWirePro-Major European Indices
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows
Pound Strike Forces EURGBP Retreat – Next Stop 0.8660?
FxWirePro- Woodies Pivot(Major)
CAD/JPY Holds Positive Bias Despite Canada’s Sharp GDP Contraction: Buy Dips Toward 116 Target
FxWirePro: GBP/AUD tracks lower on firmer Australian dollar
AUDJPY: Buy-the-Dip Strategy Intact Above 103.80 Despite Profit-Taking Pullback 



