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FxWirePro:GBP/NZD bullish outlook with scope to target 1.9250

• GBP/ NZD gained on Monday  as   investors awaited much-anticipated monetary policy decision by the U.S. Federal Reserve and several other central banks this week.

• Bulls have tightened their grip after registering a close above the 1.9150 (38.2%fib),scope grows for bigger gains towards 1.9250. 

• Technical signals are   bullish  as RSI is bullish at 53, 5, 9,11 DMAs are trending up. 

• Immediate resistance is located at 1.9256(23.6%fib), any close above will push the pair towards 1.9291 (Higher BB).

• Immediate support is seen at 1.9150 (38.2%fib) and break below could take the pair towards 1.9107 (9DMA).

Recommendation: Good buy around 1.9160, with stop loss of 1.9080 and target price of 1.9250
 

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