• GBP/NZD fell on Wednesday amid lingering concerns about possible U.S. tariffs and slowdown in British economic growth.
•Market focus will be on the Bank of England's monetary policy decision on Thursday, with markets fully expecting a 25-basis-point rate cut.
• Money market pricing showed traders expected around 84 bps of BoE easing this year. The Bank started lowering its main rate from 5.25% in August.
• Immediate resistance is located at 2.2023 (50%fib), any close above will push the pair towards 2.2195 (38.2%fib).
• Strong support is seen at 2.1900(Jan 31st low) and break below could take the pair towards 2.1834( (61.8%fib)
Recommendation: Good to sell around 2.2000 with stop loss of 2.2100 and target price of 2.1900
