FxWirePro: GBP/NZD weighed down as investors seek out riskier assets

• GBP/NZD dipped towards level  2.3300 as upbeat New Zealand’s manufacturing data and improved risk sentiment supported kiwi dollar.

• Risk sentiment lifted after Trump stated Wednesday he does not plan to fire Fed Chair Jerome Powell amid a Justice Department probe, while cautioning it was “too early” to decide..

•On the data front, New Zealand’s manufacturing sector grew robustly in December, hitting a four-year high, according to a recent survey.

• New Zealand’s Business NZ Manufacturing Index climbed to 56.1 in December, gaining 4.4 points from November.

•Separate data showed, Britain's economy grew 0.3% in November, its fastest pace since June, helped by Jaguar Land Rover's return to full production after a cyberattack.

• Immediate resistance is located at 2.3497 (Higher BB), any close above will push the pair towards 2.3585 (23.6%fib).

• Immediate support is seen at 2.3305 (SMA 20) and break below could take the pair towards 2.3210 (38.2%fib).

Recommendation: Good to sell around 2.3350 with stop loss of 2.3450  and target price of 2.3250