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FxWirePro :GBP/NZD downtrend extends ,eyes support 23.6%fib

• GBP/NZD declined sharply on Friday   as investors grappled with uncertainty around the outlook for interest rates and political turmoil in Europe.

• Investor focus is now on the domestic inflation report and the Bank of England's (BoE) monetary policy meeting - the last before the July 4 election   due next week.

• The pair is approaching to test  23.6%fib support. A break under    would unmask   2.0600  level in the short term.

• Immediate resistance is located at 2.0739 (38.2%fib), any close above will push the pair towards 2.0823(50%fib).

• Immediate support is seen at2.0634 (23.6%fib ), break below could take the pair towards 2.0613 (Lower BB).

Recommendation: Good to sell around 2.0660 with stop loss of 2.0770  and target price of 2.0600 

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