• GBP/ NZD gained on Monday as investors awaited much-anticipated monetary policy decision by the U.S. Federal Reserve and several other central banks this week.
• Bulls have tightened their grip after registering a close above the 1.9150 (38.2%fib),scope grows for bigger gains towards 1.9250.
• Technical signals are bullish as RSI is bullish at 53, 5, 9,11 DMAs are trending up.
• Immediate resistance is located at 1.9256(23.6%fib), any close above will push the pair towards 1.9291 (Higher BB).
• Immediate support is seen at 1.9150 (38.2%fib) and break below could take the pair towards 1.9107 (9DMA).
Recommendation: Good buy around 1.9160, with stop loss of 1.9080 and target price of 1.9250
