• GBP/NZD rose higher to hit ten month high on Monday as sterling attracted buyers ahead key UK economic data .
• Traders will focus on Wednesday’s UK CPI report, Thursday’s UK jobs report, and Friday’s Retail Sales reading.
• GBP/NZD hit a 10 month high, it was last trading around 2.1345 in late US session.
• From a technical viewpoint, the moving averages are pointing upwards, while the RSI is strongly bullish at 79.
• Immediate resistance is located at 2.1372 (23.6% fib), any close above will push the pair towards 2.1417 (Higher BB).
• Strong support is seen at 2.1231 (38.2% fib ) and break below could take the pair towards 2.1174 (Jul 12th low).
Recommendation: Good to buy around 2.1330, with stop loss of 2.1200 and target price of 2.1390
