FxWirePro:GBP/NZD extends drop, faces 23.6%fib support

• GBP/NZD declined on Thursday as commodity-linked kiwi dollar got boost from higher gold and equities price.

• Investors are looking to the Bank of England's meeting next week for clues on when its policy easing could begin.

• Todays drop has put GBP/NZD back below 38.2%fib and has put the 23.6%fib  support   back in play.

• Immediate resistance is located at 2.1039 (38.2%fib), any close above will push the pair towards 2.1135 (50%fib).

• Immediate support is seen at 2.0927 (23.6%fib) and break below could take the pair towards 2.0865 (Lower BB).

Recommendation: Good to sell round 2.1030 with stop loss of 2.1100  and target price of 2.0930