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FxWirePro: GBP/NZD gains some upside momentum but still bearish 
• GBP/NZD advanced on Fridays Kiwi remained under pressure on growing expectation of an aggressive rate cut by the RBNZ
• New Zealand’s economy contracted more than expected in the second quarter, dragged down by a continued slump in construction and global uncertainty, fueling expectations of a sharper rate cut in October.
• Meanwhile, trade tensions resurfaced after Trump on Thursday announced a fresh round of punishing tariffs on a broad range of imported goods, including 100% duties on branded drugs.
•Britain said on Friday it was engaging with Washington over the pharmaceutical measures, hoping for a favourable outcome.
• Technicals are favoring bullish sentiment as RSI is at 68 and the pair is trading above 5,9& 11-DMAs.
• Immediate resistance is located at 2.3234(23.6%fib), any close above will push the pair towards 2.3270(Higher BB)
• Strong support is seen at 2.3124(Daily low)and break below could take the pair towards 2.3061(38.2% fib).
Recommendation: Good to buy around 2.3200 with stop loss of 2.3100 and target price of 2.3300
