• GBP/ NZD strengthened on Tuesday as sterling was boosted by strong UK jobs data.
• The data showed that UK employers hired more people in October after goverment job protecting furlong scheme ended , allaying some of the Bank of England's concerns about the risks of a rate hike.
• GBP/ NZD bullish sentiment is building as upbeat UK jobs data has boosted chance of BoE to lift rates ahead of the Fed.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 53 bullish, moving averages have turning up.
• Immediate resistance is located at 1.9204 ( 38.2% fib), any close above will push the pair towards 1.9311(23.6% fib).
• Immediate support is seen at 1.9124 (50% fib) and break below could take the pair towards 1.9041 (61.8% fib).
• Recommendation: Good to buy around 1.9170, with stop loss of 1.9100 and target price of 1.9250
