• GBP/NZD fell on Wednesday as s markets responded to more speculation about future Trump administration Tariff policy.
• The dearth of UK data in early 2025 has kept the pound on the back foot, as traders react to robust U.S. economic reports.
• Markets await signals on UK inflation and monetary policy from Bank of England Deputy Governor Sarah Breeden's speech in Edinburgh on Thursday.
•While the U.S. economy showed resilience with rising job openings and low layoffs in November, Britain's economy slowed in the second half of 2024.
• Immediate resistance is located at 2.2198(38.2%fib), any close above will push the pair towards 2..2387(Dec 31st high).
•Support is seen at 2..21990 (50%fib) and break below could take the pair towards 2..1898(Lower BB).
Recommendation: Good to sell around 1.2050 with stop loss of 1.2150 and target price of 2.1850
