• GBP/NZD picked up further downside momentum on Friday after showed U.S. employers added fewer jobs than expected last month.
•Data showed employers added 150,000 jobs in October, below the 180,000 expected by economists.
• GBP/NZD traded in range 2.0713 -2.0580, the pair was last trading down 0.34 percent at 2.0618.
.•Technicals signals are bearish in short-term as RSI is trending lower at 42, moving averages are pointing south.
• Immediate resistance is located at 2.0713(Daily high ), any close above will push the pair towards 2.0749 (38.2%fib).
•Immediate support is seen at 2.0580 (23.6%fib ) and break below could take the pair towards 2.0507 (Oct 16th low).
Recommendation: Good to sell around 2.0640, with stop loss of 2.0750 and target price of 2.0500
