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FxWirePro:GBP/NZD strongly bearish despite upside attempts

• GBP/ NZD gained on Tuesday as upbeat UK CBI data  lifted the pair.

• The CBI data supported views that the fast UK immunization rollout and end of ongoing lockdowns had prodded economic development in UK.
  
• GBP/ NZD is holding near today's high, UK political angst, Fed uncertainty is likely discourage longs.

• Technical signals are bearish as RSI is at 43, 14, 21, 30 DMAs are trending down. 

• Immediate resistance is located at 1.9303 (38.2% fib), any close above will push the pair towards 1.9358(14DMA).

•  Immediate support is seen at 1.9183(23.6% fib) and break below could take the pair towards 1.9123 (Lower BB).

• Recommendation: Good sell around 1.9310, with stop loss of 1.9400 and target price of 1.9240
 

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