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• GBP/ NZD rose on Monday as successful coronavirus vaccine rollouts and hopes of a rapid economic recovery in UK lifted the pair.
• British Prime Minister Boris Johnson will decide this week how soon England can exit COVID-19 restrictions after vaccinating its most vulnerable people.
• At GMT 17:40, the pair was last trading at 1.9227, highest level since late April 2018
• GBP/ NZD bulls look set to break resistance psychological barrier at 1.9300.Break of that resistance could lead to test of 1.9347 resistance(23.6%fib).
• Support is seen at 1.9188 (38.2%fib) and break below could take the pair towards 1.9064(50%fib).
• Recommendation: Good to buy around 1. 9220, with stop loss of 1.9050, target price of 1. 9320
