• GBP/NZD recovered some ground from initial decline on Thursday as investors assessed BOE rate hike bets.
• GBP/NZD recovers towards above 1.9100 and holds near the day's high in late US session.
• A close under the 23.6% fib is needed to weaken the outlook even further.That would put the focus on the Lower BB that is currently at 1.9041.
• Technical signals are mixed as RSI has turned lower, moving averages are mixed.
• Immediate resistance is located at 1.9183 ( 38.2%fib), any close above will push the pair towards 1.9230 ( 11DMA).
• Immediate support is seen at 1.9112 (23.6%fib) and break below could take the pair towards 1.9041(Lower BB).
Recommendation: Good to sell around 1.9150, with stop loss of 1.9250 and target price of 1.9060.
