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FxWirePro:GBP/NZD maintains bullish bias with focus on 1.9300 level

• GBP/ NZD   gained on Tuesday as the pair pulled higher following Japan’s surprise policy review.

• The pair attempted to breach resistance at 50% fib and dipped towards 1.9197 level . A decisive break closure above  could generate further gains.

• Technical signals show the pair could gain more ground in the short-term as RSI is at 61 bullish, daily momentum studies  5, 9 and 11 DMAs are trending  up. 

• Immediate resistance is located at 1.9209 (50% fib), any close above will push the pair towards 1.9142 (30DMA).

• Immediate support is seen at 1.9143 (5DMA)and break below could take the pair towards 1.9080 (61.8% fib).

 Recommendation: Good to buy around 1.9180, with stop loss of 1.9100 and target price of 1.9280
 

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