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FxWirePro:GBP/NZD poised at critical support, looking vulnerable

• GBP/NZD dipped on Friday as investors remained short on BoE's Thursday's dovish surprise . •Markets lowered expectations for future UK interest rate hike following the Bank of England's policy update in November. • Tec…

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FxWirePro:GBP/NZD poised at critical support, looking vulnerable
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• GBP/NZD dipped on Friday  as investors remained short on BoE's  Thursday's dovish surprise  .

•Markets lowered expectations for future UK interest rate hike following the Bank of England's policy update in November.

• Technical are bearish, daily RSI is negative at 31, daily momentum studies  9 and 10 DMAs are trending down.

• Immediate resistance is located at 1.9020 (38.2%fib), any close above will push the pair towards 1.9091(50%fib)

• Immediate support is seen at 1.8927 (23.6%fib ) and break below could take the pair towards 1.8660 (Lower BB).

Recommendation: Good to sell  around 1.9000, with stop loss of 1.9200 and target price of 1.8920.

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