• GBP/NZD initially gained on Thursday but gave up some ground as investors digested solid U.S. economic data and remarks from Bank of England's Chief Economist Huw Pill .
• BoE's Pill said the central bank will see the job through on bringing high inflation back down to its 2% target even if there is a risk that high interest rates hurt Britain's economy..
• GBP/NZD remains bullish, only a close back below 2.1100 level could upset the bullish order.
• Technical signals are bullish as RSI is at 52, daily momentum studies 11, 14 and 21 DMAs are trending up.
• Immediate resistance is located at 2.1264(5DMA ), any close above will push the pair towards 2.1474 (23.6%fib).
• Strong support is seen at 2.1147 (38.2% fib) and break below could take the pair towards 2.1110 (30DMA).
Recommendation: Good to buy around 2.1220, with stop loss of 2.1000 and target price of 2.1340
