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• GBP/NZD strengthened on Thursday after data showed British business activity sped up this month.
• The UK S&P Global Composite Purchasing Managers' Index rose in August to 53.4 from 52.8.
•The PMI for the services sector, a key driver of Britain's economy, surged to 53.3, marking its highest level since April, a significant rise from 52.5 in July.
• Immediate resistance is located at 2.1357(38.2%fib), any close above will push the pair towards 2.1501 (Aug 15th high).
• Immediate support is seen at 2.1188 (50%fib) and break below could take the pair towards 2.1103(Aug 7thlow).
Recommendation: Good to buy around 2.1300, with stop loss of 2.1240 and target price of 2.1380
