• GBP/ NZD initially gained on Friday but gave up some ground as trading volumes remained thin amid holiday trade.
• The is pair approaching the 38.2%fib support, as near term direction of the pair is likely to be driven by current price action.
• Technical signals are bearish as RSI is heading down at 49 , daily momentum studies 14, 21 and 30 DMAs are trending down.
• Immediate resistance is located at 2.3251(Higher BB), any close above will push the pair towards 2.3307 (Dec19th high).
• Strong support is seen at 2.3112(38.2%fib) and break below could take the pair towards 2.2979 (Lower BB).
Recommendation: Good to sell on around 2.3200, with stop loss of 2.3300 and target price of 2.3120


Sterling Surge: GBPJPY Eyes 214.00 as Yen Weakness Fuels Five-Day Rally
Bitcoin Teeters Near USD 70,000 as USD 245 Million Liquidation Wave Rocks Crypto Markets
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
FxWirePro- Major European Indices
AUDJPY Bullish Momentum Pauses: Profit Booking Offers Fresh Entry Window Near 112.50
FxWirePro: USD/ZAR uptrend resumes rise toward key fibo
Pound Under Pressure: GBPJPY Pauses Five-Day Rally for Tactical Profit Booking
FxWirePro: EUR/ NZD stays range-bound but maintains bearish bias
FxWirePro: USD/CNY recovers slightly from early decline but bears are not done yet
Euro's Ascent: EURJPY Bulls Eye 186.00 as Yen Weakness Persists
FxWirePro: AUD/USD softens slightly, but remains bid overall
FxWirePro- Major Crypto levels and bias summary
Aussie Ascent: AUDJPY Bulls Target 115.00 Following Broad-Based AUD Buying 



