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FxWirePro:GBP/NZD maintains bullish bias with focus on 1.9450

• GBP/ NZD gained on Monday  as  global growth and China lockdown concerns weighed on commodity related New Zealand dollar.

• Bulls have tightened their grip after registering a close above the 38.2%fib,scope grows for bigger gains towards 1.9450  level. 

• Technical signals are strongly bullish  as RSI is bullish at 58, 5, 9,11 DMAs are trending up. 

• Immediate resistance is located at 1.9373(38.2%fib), any close above will push the pair towards 1.9409 (Higher BB).

• Immediate support is seen at 1.9231 (38.2%fib) and break below could take the pair towards 1.9120 (9DMA).

Recommendation: Good buy around 1.9335, with stop loss of 1.9240 and target price of 1.9450

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