• GBP/NZD held onto slight gains on Friday as investors focus switched to next week's Bank of England meeting.
• The Bank of England meets next week, and markets currently see about a 50/50 chance of a rate cut.
• At GMT 17:18, the pair was trading up 0.02 percent at 2.1832 after reaching daily high at 2.1863.
• Technical highlight upside risks for GBP/NZD, with momentum studies, 5, 10 and 21 DMAs tracking north.
• Immediate resistance is located at 2.1846 (23.6%fib), any close above will push the pair towards 2.1926 (23.6%fib).
• Strong support is seen at 2.1763 (Daily low) and break below could take the pair towards 2.1633(38.2%fib).
Recommendation: Good to buy around 2.1830, with stop loss of 2.1700 and target price of 2.1880
