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• GBP/NZD declined on Monday as investors awaited UK jobs and inflation data due later this week for clues on Bank of England monetary policy plans.
• UK employment data will be released on Tuesday and inflation numbers on Wednesday.
• At GMT 17:22, the pair was trading down 0.27 percent at 1.9101
• Technical are bearish, daily RSI is negative at 48, daily momentum studies 9 and 10 DMAs are trending down.
• Immediate resistance is located at 1.9171 (38.2% fib), any close above will push the pair towards 1.9254(Higher BB).
• Strong support is seen at 1.9076 (14DMA) and break below could take the pair towards 1.9015 (23.6% fib).
Recommendation: Good to sell on around 1.9120, with stop loss of 1.9220 and target price of 1.9060
