• GBP/NZD dipped on Friday as rebound risk sentiment and higher metal prices lifted kiwi dollar .
• A mixed New Zealand jobs report dampened sentiment, with unemployment hitting a decade high despite stronger-than-expected employment growth..
• Traders are largely pricing in the next rate hike for October, with a September increase seen as about 70% likely.
• The RBNZ’s first policy meeting under new Governor Anna Breman is set for February 18, with markets widely expecting no change to interest rates.
• Immediate resistance is located at 2.2774(38.2%fib), any close above will push the pair towards 2.924(50%fib).
• Immediate support is seen at 2.587(23.6%fib) and break below could take the pair towards 2.2469(Lower BB).
Recommendation: Good to sell around 2.2650, with stop loss of 2.2750, and target price of 2.2450
