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• GBP/NZD rose on Wednesday as investors awaited UK economic data to assess health of UK economy.
• UK's GDP, Q4 estimates, and December industrial and manufacturing output data will be released on Thursday, offering insight into Britain's economic outlook.
• GBP/NZD remains bullish, only a close back below 2.1831(50% fib) could upset the bullish order.
• Technical signals are bullish as RSI is at 57, daily momentum studies 11, 14 and 21 DMAs are trending up.
• Immediate resistance is located at 2.2086(23.6%fib ), any close above will push the pair towards 2.2243(Higher BB).
• Strong support is seen at 2.1831(50% fib) and break below could take the pair towards 2.1645 (Lower BB).
Recommendation: Good to buy around 2.2000 with stop loss of 2.1900 and target price of 2.2300
