• GBP/NZD traded in tight range on Thursday as market focus shifted to the key US non-farm payrolls on Friday .
•. US Non-farm payrolls report for November will offer greater clarity on the state of the US labor market.
• GBP/NZD remains vulnerable, only a break and daily close above 50% fib will shift bias to the upside.
• Immediate resistance is located at 2.0464(5DMA), any close above will push the pair towards 2.0495 (38.2%fib).
• Strong support is seen at 2.0350 (23.6% fib) and break below could take the pair towards 2.0283(Oct 10th low).
Recommendation: Good to sell on around 2.0420, with stop loss of 2.0550 and target price of 2.0350
