• GBP/ NZD strengthened on Friday as buyers emerged after solid U.S. jobs data.
• Nonfarm payrolls increased by 263,000 jobs last month, the Labor Department said in its closely watched employment report.
• The pair attempted to breach resistance at 38.2% fib and dipped towards 1.9767 level . A decisive break closure above 38.2% fib could generate further gains.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 61 bullish, daily momentum studies 5, 9 and 11 DMAs are trending up.
• Immediate resistance is located at 1.9861 ( 38.2% fib), any close above will push the pair towards 2.0136 (23.6% fib).
• Immediate support is seen at 1.9668 (50% fib) and break below could take the pair towards 1.9593 (9DMA).
Recommendation: Good to buy around 1.9760, with stop loss of 1.9600 and target price of 2.0000
