• 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
