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FxWirePro: GBP/NZD getting back on track for a run towards 1.9300,good to buy on dips

• GBP/NZD strengthened on Thursday as rise was sparked by less hawkish than expected comments from Fed Chair Jerome Powell and  risk-on outflows.

• GBP/NZD is now on course to register a   close below the 1.9271 (38.2% fib) level, chart points to bigger gains towards  1.9300 level. 

• Technical signals show the pair could gain more ground in the short-term as RSI is at 51 bullish, and moving averages are  trending higher.

• Immediate resistance is located at 1.9250 ( 21DMA), any close above will push the pair towards 1.9271 (38.2% fib).

• Immediate support is seen at 1.9228 (38.2% fib) and break below could take the pair towards 1.9186 (61.8% fib).

Recommendation: Good to buy around 1.9240, with stop loss of 1.9160 and target price of 1.9300

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