• GBP/NZD dipped on Thursday as rebounding US Treasury yields and less hawkish than markets expected ECB weighed on pair.
• GBP/NZD drifted back on Thursday . 1.9248 is low so far is and it is hovering just above 38.2%fib into the US afternoon.
• A daily close below 38.2%fib will accelerate downtrend towards 1.9000 (Psychological level).
• Immediate resistance is located at 1.8098 (38.2%fib ), any close above will push the pair towards 1.8209 (Daily high).
• Immediate support is seen at 1.8015(21DMA ), break below could take the pair towards 1.7963 (50%fib).
Recommendation: Good to sell around 1.9260, with stop loss of 1.9400 and target price of 1.9100
