• GBP/NZD eased on Wednesday as the pair attracted seller ahead of Bank of England's interest rate decision later this week.
• The focus is on the Bank of England's upcoming interest rate decision on Thursday. Money markets indicate a 59% probability that the BoE will reduce rates by 25 basis points next week..
• The pair dipped to trade at 1.21598 after pulling back from overnight top, when it climbed to 1.21893
• Immediate resistance is located at 2.1671 (38.2%fib), any close above will push the pair towards 2.1910(23.6%fib).
• Strong support is seen at 2.1581 (Daily Low) and break below could take the pair towards 2.1482 (50%fib).
Recommendation: Good to sell around 2.1620, with stop loss of 2.1800 and target price of 2.1500
