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FxWirePro:GBP/NZD neutral in the near-term, scope for downward resumption

• GBP/NZD eased on Thursday as investors assessed U .S. President Donald Trump's comments at the World Economic Forum • Markets seem to overlook new tariff threats from U.S. President Donald Trump, who vowed to impose ta…

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FxWirePro:GBP/NZD neutral in the near-term, scope for downward resumption
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• GBP/NZD eased    on Thursday   as investors assessed U .S. President Donald Trump's comments at the World Economic Forum

• Markets seem to overlook new tariff threats from U.S. President Donald Trump, who vowed to impose tariffs on the EU and discussed a 10% duty on Chinese imports.

• Investors are concerned that tariffs could increase inflation pressures and slow down the U.S. Federal Reserve's pace of interest rate cuts.

• The pair has seen    2.1784 from 2.1721 range on Thursday, chart points to an drop towards  level 2.1700.

• Immediate resistance is located at 2.1875(Jan 20th high), any close above will push the pair towards 2.2029(61.8%fib).

• Immediate support is seen at 2.1721 (50%%fib) and break below could take the pair towards 2.1567(Lower BB).

Recommendation: Good to sell round 2.1820 with stop loss of 2.1950  and target price of 2.1700

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