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• GBP/ NZD strengthened on Thursday after data showed Britain's economy grew in line with expectations in the second quarter lifted the pair.
•Data showed economy grew by 4.8% in the second quarter, in line with economists expectations.
• The pair attempted to breach resistance at 1.9770 ( 38.2% fib) and dipped towards 1.9718 level . A decisive break closure above 1.9770 could generate further gains.
• Immediate resistance is located at 1.9770 ( 38.2% fib), any close above will push the pair towards 1.9840 (23.6% fib).
• Immediate support is seen at 1.9708 (50% fib) and break below could take the pair towards 1.9652 (61.8%fib).
•Recommendation: Good to buy around 1.9710, with stop loss of 1.9620 and target price of 1.9800
