• GBP/NZD dipped on Friday as growing fears of recession in UK weighed on the pair.
• Britain's economy contracted more than first thought in the third quarter of this year, economic output fell by 0.3% in quarterly terms compared with a previous estimate of -0.2%.
•The pair inability to hold gains above 1.9485 (5DMA), may increases the likelihood of a drop towards1.9150 level.
• Technicals are favouring bearish sentiment as RSI is at 46 and the pair is trading below 5,10 & 11-DMAs.
• Immediate resistance is located at 1.9207(5DMA), any close above will push the pair towards 1.9323(50%fib)
• Strong support is seen at 1.9091(38.2%fib)and break below could take the pair towards 1.90004 (9DMA).
Recommendation: Good to sell around 1.9170 with stop loss of 1.9210 and target price of 1.9060


FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD uptrend loses steam, remains on bullish path
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro: GBP/NZD remains bullish as rally continues
FxWirePro- Woodies Pivot(Major)
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
FxWirePro-Major European Indices
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro- Major European Indices
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900 



