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FxWirePro: GBP/NZD consolidates around 2.0900, maintains bullish bias

• GBP/NZD steadied  on Friday   as pound  held its ground against  New Zealand dollar after US jobs data.

• GBP/NZD remains bullish, only a break and daily close below 2.0823 (50%fib)will shift bias to the downside.

• Technicals are favouring bullish sentiment as RSI is at 56 and the pair is trading above 11 & 21-DMAs. 

• Immediate resistance is located at  2.1015 (EMA 9 ), any close above will push the pair towards 2.1105 (23.6%fib).

• Strong support is seen at 2.0943(38.2%fib) and break below could take the pair towards 2.0823 (50%fib).

Recommendation: Good to buy   around 2.0980, with stop loss of 2.0800 and target price of 2.1100
 

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