• GBP/NZD reversed some of its recent gains on Friday, as European Union chief negotiator Michel Barnier warned that there were just hours left to reach a Brexit trade deal with UK .
• At GMT 18:30, the pair was trading down 0.15 percent at 1.8951 after reaching daily low at 1.8912.
•A no-deal Brexit would probably lead to a drop under the 1.8934 Fibonacci level, that in turn would see a steeper drop to 1.8776 (23.6%fib).
• Immediate resistance is located at 1.8997 (21EMA), any close above will push the pair towards 1.9039 (50%fib)
• Immediate support is seen at 1.8934 (38.2%fib ) and break below could take the pair towards 1.8776 (23.6%fib).
Recommendation: Good to sell around 1.8950, with stop loss of 1.9170 and target price of 1.8880.
