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• GBP/NZD initially gained on Friday, but gave up some ground as investors focused on vaccines, UK-EU tensions.
• At GMT 16:45, the pair was trading down 0.41 percent at 1.9344 after reaching daily high at 1.9456.
• GBP/NZD remains bullish, only a close back below 1.9259 (21DMA), could upset the bullish order.
• Immediate resistance is located at 1.9453 (Daily high ), any close above will push the pair towards 1.9510 (23.6%fib).
• Strong support is seen at 1.9313(38.2% fib) and break below could take the pair towards 1.9259 (21DMA).
Recommendation: Good to buy around 1.9330, with stop loss of 1.9250 and target price of 1.9450
