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FxWirePro: GBP/NZD consolidates around 2.0780,bias is bullish

• GBP/NZD strengthened on Thursday  as  the pair gave attracted buyers ahead of  U.S. inflation data and the British GDP report .

•Friday's US CPI data is this week's key data event,  Traders will also  keep an eye on UK GDP data 

• Technical signals show the pair could gain more ground in the short-term as RSI is at 51, daily momentum studies  5, and 9 DMAs are trending  up.

• Immediate resistance is located at 2.0818 (38.2%fib), any close above will push the pair towards 2.0877 (50%fib).

• Strong support is seen at 2.0730(50%fib) and break below could take the pair towards 2.0637 (23.6%fib)

Recommendation: Good tobuy around 2.0770 with stop loss of 2.0600 and target price of 2.0850

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