• GBP/NZD initially gained on Friday but early rally fizzled as investors digested mixed U.S. jobs data .
• The is pair heading towards the 50% fib support, as near term direction of the pair is likely to be driven by current price action.
• Technical are beraish, daily RSI is negitive at 46, daily momentum studies 9 and 10 DMAs are trending down.
• Immediate resistance is located at 2.2149 (23.6%fib ), any close above will push the pair towards Higher BB).
• Strong support is seen at 2.1946 (38.2%fib) and break below could take the pair towards 2.1817
Recommendation: Good to sell around 2.2053 with stop loss of 2.2200 and target price of 2.1850
