FxWirePro: GBP/NZD trades flat as markets await warsh’s jackson hole speech

• GBP/NZD  traded flat on Thursday   as traders turned their focus to Warsh's scheduled appearance at the central bank's Jackson Hole symposium on Friday .

• Warsh is due to speak at Jackson Hole on Friday, with investors seeking clues on whether higher Treasury yields could ease the need for further Fed tightening.

• Many market participants expect the central bank head to refrain from offering any guidance on monetary policy.

• As the Jackson Hole conference began, Kansas City Fed President Jeffrey Schmid and Chicago Fed President Austan Goolsbee shared their concerns about the U.S. inflation outlook.

•Meanwhile, attention next week will turn to Parliament’s return, with markets watching for clues on how the Andy Burnham administration plans to fund its ambitious policies ahead of the October budget.

• Immediate resistance is located at 2.2908(SMA20), any close above will push the pair towards 2.2986(50%fib).

• Immediate support is seen at 2.2753(38.2%fib) and break below could take the pair towards 2.2698(Lower BB).

Recommendation: Good to sell around 2.2840 , with stop loss of 2.2950 and target price of 2.2760