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• GBP/NZD declined Monday as risk shakeout triggered correction in the pair.
• GBP/NZD hit session lows in New York afternoon trading, breaking the 38.2% fibo , with support at 1.9026 (50DMA) next.
• GBP/NZD remains bullish, only a close back below 50DMA at 1.9026 , could upset the bullish order.
• Immediate resistance is located at 1.9245 (38.2%fib ), any close above will push the pair towards 1.9349 (Higher BB).
• Strong support is seen at 1.9095(50% fib) and break below could take the pair towards 1.9026 (50DMA).
Recommendation: Good to buy around 1.9150, with stop loss of 1.9000 and target price of 1.9230
