LONG GBP/NZD from 2.1105 STOP 2.1018 Rationale: GBP/NZD has been in a steep decline since June 2015 and with GBP firming up across the board we turn our attention to this pair. Technically we are at the bottom of a channel that sits on historical support and the Weekly RSI is reading 36, up from recent lows of 31.82. Please refer to the hourly chart for further analysis.