FxWirePro -Major European Indices 
FxWirePro- Major European Indices 
FxWirePro: GBP/USD biased higher but rally currently stretched 
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FxWirePro- Major Pair levels and bias summary 
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FxWirePro: GBP/USD bulls remain cautiously optimistic 
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path 
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: USD/CAD extends decline on broad dollar weakness 
• GBP/NZD retreated from daily high on Friday as markets digested data showing Britain's economy failed to grow in the third quarter.
• Data showed Britain's stagnating economy failed to grow in the July-to-September period - but at least managed to avoid the start of a recession.
• GBP/NZD traded as high as 2,0790 before retreating to trade last at 2.0790
• A rally towards 2.0800 level is possible should GBP/NZD bulls overcome resistance at 38.2%fib.
• Technical signals are bullish as RSI is at 52, daily momentum studies 5, 9 and 14 DMAs are trending north.
• Immediate resistance is located at 2.0805 (38.2%fib ), any close above will push the pair towards 2.0875 (Oct 31st high).
• Strong support is seen at 2.0696 (50% fib) and break below could take the pair towards 2.0578 (61.8% fib)
Recommendation: Good to buy around 2.0730 , with stop loss of 2,0630 and target price of 2.0800
