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• GBP/NZD initially gained on Tuesday but later lost some ground as traders adjusted their positions ahead of the holiday season.
• With market activity slowing and limited economic catalysts, investors appeared to take a more cautious stance, leading to a pullback after the pair's early gains.
• In an up-and-down session, the pair hit high at 2.2279 in early trading then retreated towards 2.2203..
• Immediate resistance is located at 2.2326 (23.6%fib), any close above will push the pair towards 2.2443 (Higher BB).
• Strong support is seen at 2.2159(38.2%fib) and break below could take the pair towards 2.2027 ( (50%fib)
Recommendation: Good to buy around 2.2200 with stop loss of 2.2100 and target price of 2.2400
