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FxWirePro:GBP/NZD soured risk drives longs to exit ahead of US jobs data

• GBP/ NZD dipped on Thursday as  investors unwind longs positions ahead of US payrolls data.

• GBP/ NZD overnight drop has resumed and bears are gaining momentum for run towards 38.2%fib support.

• Technicals  lean bearish as is RSI  falling, long legged doji  is in place

•  Immediate resistance is located at 1.9761 (38.2%fib), any close above will push the pair towards 1.9970 (Oct 3rd high).

• Support is seen at 1.9534 (38.2%fib) and break below could take the pair towards 1.9463 (11DMA).

 Recommendation: Good to sell around 1.9720, with stop loss of 1.9900 and target price of 1.9550
 

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