• GBP/NZD initially gained on Friday but gave up ground as disappointing UK retail sales data weighed on sterling.
• UK retail sales fell unexpectedly again last month in what is now a record series of monthly declines, official data showed on Friday.
• At GMT 21:26, the pair was trading up 0.04 percent at 1.9488 after reaching daily high at 1.9565.
• Technicals are favouring bearish sentiment as RSI is at 44 and the pair is trading below 11 & 21-DMAs.
• Immediate resistance is located at 1.9529(38.2% fib), any close above will push the pair towards 1.9541 (38.2%fib)
• Support is seen at 1.9459 (50% fib) and break below could take the pair towards 1.9396 (61.8% fib).
Recommendation: Good to sell around 1.9490, with stop loss of 1.9560 and target price of 1.9400.


FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD dips towards 1.6200 level, scope for further downside
FxWirePro: GBP/NZD edges higher but outlook is bearish
GBPJPY Takes a Breather at 215 After Three-Week Rampage; Bulls Reload for 216–217
FxWirePro: USD/ZAR shows upside momentum, but bearish outlook remains
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
Aussie-Yen Pulls Back to 114 — But Bulls See a Dip-Buying Run to 117
FxWirePro- Major European Indices
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/USD falls to two-day low, scope for further downside
FxWirePro: USD/JPY nears 160 as intervention risk intensifies
FxWirePro :AUD/USD softens as GDP slightly undershoots forecast
FxWirePro: NZD/USD dips as Middle East tensions weigh on sentiment
FxWirePro: AUD/USD edges lower as risk appetite sours on Geopolitical woe
Kiwi-Yen Bulls Reload at 93: EMA Support Stack Points to 96–97 Targets 



