FxWirePro: GBP/NZD faces continued volatility amid tariff uncertainty

• GBP/NZD slipped   lower as uncertainty remained on the tariff front and about the trade war's potential economic fallout.

• Trump surprised financial markets on Wednesday by reversing the steep duties on trading partners that had been implemented less than 24 hours earlier. Trump announced a 90-day freeze on the "Liberation Day" tariffs but kept a 10% blanket duty on most countries

 •   Trump raised tariffs on Chinese imports to 125%, bringing total U.S. duties on China to 145% after China retaliated with an 84% tariff..

•Bank of England Deputy Governor Sarah Breeden stated that the impact of Trump’s tariffs on UK inflation and interest rates remains uncertain, despite the likelihood that Washington's new policies could slow down growth.

• Immediate resistance is located at 2.2808(38.2%fib), any close above will push the pair towards 2.3023(Higher BB).

• Immediate support is seen at 2.2481(50%fib) and break below could take the pair towards 2.2228(Lower BB).

Recommendation: Good to buy around 2.2600, with stop loss of 2.2420, and target price of 2.2700