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FxWirePro:GBP/NZD neutral in the near-term, scope for downward resumption

• GBP/ NZD gained on Monday as upbeat Brexit and COVID vaccine tones  lifted the pair.

• The pair is holding near today's high, but repeated failures to push above 1.1900 is discouraging longs.

• A close above 1.9282, 38.2% fib, should trigger a new bullish phase with potential for 1.9400. A break under 1.9050 would unmask 1.9000 level in the short term. 

• Technical signals are bearish as RSI is at 46, 21, 30 DMAs are trending down. 

• Immediate resistance is located at 1.9050 (38.2% fib), any close above will push the pair towards 1.9409 (30DMA).

•  Immediate support is seen at 1.9050 (23.6% fib) and break below could take the pair towards 1.9000 (Psychological level).

 Recommendation: Good sell around 1.9290, with stop loss of 1.9400 and target price of 1.9190

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