FxWirePro: GBP/NZD holds below 1.9200 as Brexit deal clock ticks

• GBP/NZD dipped on Friday as  never-ending Brexit transition talks  weighed on pound.

• Brexit negotiating divide continues, with the EU optimistic a deal can be struck and the UK on the defensive seeking to protect its sovereignty .

•The cross pair is trading at 1.9119, hovering just shy of its recent low of 1.9093.

• Technicals are favouring bearish sentiment as RSI is at 40 and the pair is trading below 9, 11 & 21-DMAs. 

• Immediate resistance is located at 1.9272 (38.2%fib), any close above will push the pair towards 1.9341 (21 DMA).

• Support is seen at 1.9045 (23.6%fib ) and break below could take the pair towards 1.8960 (Lower BB).

Recommendation: Good to sell  around 1.9180, with stop loss of 1.9300 and target price of 1.9050