• GBP/NZD steadied around 2.3293 on Monday as investor concerns over US-China trade tensions began to ease.
• Trump threatened 100% tariffs on China Friday but softened his stance by Sunday, saying the U.S. did not want to “hurt” China.
•The move reflected a calmer risk environment after last week’s escalation, with traders adjusting positions amid signs of progress in diplomatic talks and reduced likelihood of immediate trade restrictions.
• UK economic data will be in focus this week, with August jobs on Tuesday and GDP, trade, and other activity reports scheduled for Thursday.
• Meanwhile, BoE Governor Andrew Bailey will speak in Washington on Tuesday as part of a series of central bank events.
• Immediate resistance is located at 2.33820(23.6%fib), any close above will push the pair towards 2.3138(SMA 20).
• Immediate support is seen at 2.3007 (38.2%fib) and break below could take the pair towards 2.2860(Lower BB).
Recommendation: Good to buy around 2.3280, with stop loss of 2.2920, and target price of 2.3380
