• GBP/NZD firmed on Thursday as investors digested US economic data and awaited Friday’s UK GDP data.
• The U.K.'s GDP for January will be released this Friday, providing further insight into the health of the U.K. economy.
• This data is crucial in helping investors gauge the outlook for economic growth, and its impact could be pivotal in determining the next move for the pound.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 70,while moving averages and MACD are trending higher.
• Immediate resistance is located at 2.2718(23.6%fib), any close above will push the pair towards 2.2852(Higher BB).
• Immediate support is seen at 2.2491 (38.2%fib) and break below could take the pair towards 2.2017(50%fib).
Recommendation: Good to buy around 2.2700, with stop loss of 2.2630, and target price of 2.2800


FxWirePro: GBP/AUD extends drop, faces 23.6%fib support
EUR/USD Powers Higher on Dismal US Retail Sales Miss: Bullish Breakout Brewing Toward 1.2000?
GBPJPY Stuck in Tight Range: Bullish Bias Holds Above 211.50 – Dip Buyers Targeting 215 Breakout?
FxWirePro: AUD/USD climbs to fresh three-year high amid hawkish RBA expectation
FxWirePro: GBP/NZD downside pressure builds, key support level in focus
FxWirePro: USD/JPY slides below 154 level, scope for further downside
FxWirePro- Major European Indices
AUDJPY Holds the Line: Positive Bias Intact Above 109 – Dip Buyers Eyeing 112 Breakout? 



