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FxWirePro:GBP/NZD positions for another climb, eyes 2.0600 level

• GBP/ NZD rose on Thursday  as expectations for further UK rate hikes   shot up this week after Tuesday's jobs data..

• Markets are pricing in a 25-bp BoE rate hike next week, and slightly less than a 20% chance of a 50-bp move .

• GBP/ NZD is now on course to register a   close below the 38.2%fib level, chart points to bigger gains towards  2.0600.  

•  Immediate resistance is located at 2.0543(38.2%fib), any close above will push the pair towards 2.0606 (8th June).

• Support is seen at 2.0373 (50%fib) and break below could take the pair towards 2.0247 (30DMA).

 Recommendation: Good to buy around 2.0470, with stop loss of 2.0390 and target price of 2.0600
 

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