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JPY Strength Alert: USDJPY, AUDJPY, EURJPY and CADJPY Turn Extremely Bullish 
• GBP/NZD steadied around 2.0990 on Wednesday as investors assessed BoE rate cut prospect .
• Officials from the Bank of England have hinted that they are growing more optimistic about the reduction in UK inflation, which could mean that interest rates may drop faster than the market anticipates.
• The pair currently is approaching resistance at 2.0998 (38.2%fib ). A break above would unmask 2.1100 level in the short term.
• Technical are bullish, daily RSI is negative at 64, daily momentum studies 9 and 10 DMAs are trending up.
• Immediate resistance is located at 2.0998 (38.2%fib ), any close above will push the pair towards 2.1087 (April 18th high).
• Strong support is seen at 2.0852(50%fib) and break below could take the pair towards 2.0793 (15th March low)
Recommendation: Good to buy around 2.0980, with stop loss of 2.0800 and target price of 2.1080
