• GBP/NZD recovered some ground from initial decline on Tuesday as investors focused on the outlook for reopening the UK economy from its lockdown.
• GBP/NZD recovers towards above 1.9650 and holds near the day's high in US session.
• Bulls will need a clear 1.9831 ( 23.6% fib)to take greater control, failure to break higher will spur fresh downward momentum.
• Technical signals are mixed as RSI has turned lower, moving averages are mixed.
• Immediate resistance is located at 1.9705 ( Daily high), any close above will push the pair towards 1.9831 ( 23.6% fib).
• Immediate support is seen at 1.9622 (38.2%fib) and break below could take the pair towards 1.9564(5DMA).
Recommendation: Good to sell around 1.9660, with stop loss of 1.9800 and target price of 1.8590.


FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path
GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas
Bitcoin Stuck in No-Man’s-Land: $85K Dip or $100K Breakout Next?
EUR/GBP Holiday Slumber: Bearish Bias Intact Below 0.8800 Resistance
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro: AUD/USD gaining momentum for a move towards 0.6800 level
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
FxWirePro: GBP/AUD tracks lower on firmer Australian dollar
AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106
FxWirePro: EUR/CAD extends fall, vulnerable to more downside
FxWirePro: USD/CNY hits 15-month low , scope for further downside
FxWirePro: USD/JPY extends falls as Japanese yen extends rally after hawkish BoJ minutes
CAD/JPY Holds Positive Bias Despite Canada’s Sharp GDP Contraction: Buy Dips Toward 116 Target 



