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FxWirePro: GBP/NZD extends decline , vulnerable to more downside 
FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level 
• GBP/NZD reversed course from early gains on Thursday as overbought conditions encouraged selling
• At GMT 10:07, the pair was trading down 0.38 percent at 2.0084 after reaching daily high at 2.0235.
• GBP/NZD remains well below (38.2%fib),Daily close below 23.6%fib will increase the scope for much bigger drop.
• Technical signals are bearish as RSI is heading down at 32, daily momentum studies 5, 9 and 11 DMAs are trending down.
• Immediate resistance is located at 2.0235 (38.2%fib ), any close above will push the pair towards 2.0318 (Dec20th high).
• Strong support is seen at 2.0062 (23.6%fib) and break below could take the pair towards 2.0032(23.6%fib).
Recommendation: Good to sell on around 2.0100 , with stop loss of 2.0200 and target price of 2.0000
