• GBP/NZD rose on Friday as the pair was lifted by a strong U.S. jobs report for September..
• Non-farm payrolls increased a more-than-forecast 254k on the month, the unemployment unexpectedly fell and hourly earnings grew faster than expected.
•Odds of another supersized rate cut by the Fed in 2024 were erased after the data and markets now foresee two 25 basis point reductions by year end.
• Immediate resistance is located at 2.1330 (38.2%fib), any close above will push the pair towards 2.1397(23.6%fib).
• Strong support is seen at 2.1397 (50%fib) and break below could take the pair towards 2.1217 (50%fib).
Recommendation: Good to buy around 2.1280, with stop loss of 2.1200 and target price of2.1400
