• GBP/NZD edged higher on Monday but gains were limited due to soft liquidity soft amid UK holiday.
• The pair was up at 0.21 percent at 1.21244 , having touched day low at 1.21204 earlier in the day.
• With limited data available, market ranges may stay narrow until the next major catalyst emerges.
• Immediate resistance is located at 2.1335 (38.2%fib), any close above will push the pair towards 2.1426(Aug 19th high).
• Immediate support is seen at 2.1151 (38.2%fib) and break below could take the pair towards 2.096(23.6%fib).
Recommendation: Good to buy around 2.1230, with stop loss of 2.1150 and target price of 2.1280
