• 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
