GBP/NZD faces strong resistance 2.190, break above targets 2.250

Major resistance – 2.190 (trend line joining 2.2710 and 2.19264)

The pair has retreated after making a high of 2.1926 (4th Jan high) and is currently trading around 2.1850.

Any break above 2.190 will take the pair to new level 2.2070/2.250 level. On the lower side support is around 2.1750 and break below targets 2.1500.

It is good to buy above 2.1900 with SL around 2.1750 for the TP of 2.245.