• GBP/NZD strengthened on Monday following a Washington Post report suggesting that U.S. tariffs under President-elect Donald Trump might be less stringent than initially feared.
• The report indicated that Trump's aides are considering a targeted approach, applying tariffs only to imports deemed critical to national or economic security, rather than sweeping measures across all sectors or countries.
• On the data front, British business activity growth nearly stalled in December, with employers cutting jobs at the fastest pace in nearly four years.
• Immediate resistance is located at 2.2199(38.2%fib), any close above will push the pair towards 2.2414(23.6%fib).
• Immediate support is seen at 2.2043 (50%fib) and break below could take the pair towards 2.1870(50%fib).
Recommendation: Good to buy around 2.2150, with stop loss of 2.2050, and target price of 2.2300
