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FxWirePro: GBP/NZD remains weak, eyes 2.2550 level

•GBP/NZD initially dipped but recovered ground as market digested  New Zealand jobs data.

• Data from Statistics New Zealand showed on Wednesday that the unemployment rate rose to 5.4% in the fourth quarter of 2025, up from 5.3% in Q3.

• The unemployment rate rose to 5.4% in the December quarter, up from 5.3% in the September quarter and 5.2% in the June quarter, extending the gradual upward trend in joblessness.

. • Technical signals are bearish as RSI is at 31, momentum studies  11,14  and 21 DMAs are trending down.

• Immediate resistance is located at 2.2790(38.2%fib), any close above will push the pair towards 2.2967(Jan 28th high).

• Immediate support is seen at 2.2593 (23.6%fib) and break below could take the pair towards 2.2510(Lower BB).

Recommendation: Good to sell around  2.2700, with stop loss of 2.2850 and target price of   2.2550

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