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FxWirePro: GBP/NZD positions for another climb,eyes 2.2800 level

• GBP/NZD firmed on Thursday  as investors digested US economic data and awaited Friday’s UK GDP data.

• The U.K.'s GDP for January will be released this Friday, providing further insight into the health of the U.K. economy.

• This data is crucial in helping investors gauge the outlook for economic growth, and its impact could be pivotal in determining the next move for the pound.

• Technical signals show the pair could gain more ground in the short-term as RSI is at 70,while moving averages and MACD are trending higher.

• Immediate resistance is located at 2.2718(23.6%fib), any close above will push the pair towards 2.2852(Higher BB).

• Immediate support is seen at 2.2491 (38.2%fib) and break below could take the pair towards 2.2017(50%fib).

Recommendation: Good to buy around 2.2700, with stop loss of 2.2630, and target price of 2.2800

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