FxWirePro:GBP/NZD set for bigger drop, but close below key fibo needed

•  GBP/NZD  initially dipped but recovered some ground   on Wednesdays  as investors digested UK inflation data.

• British inflation slowed unexpectedly last month and core measures of price growth   tracked by the Bank of England  fell more sharply.

• The annual inflation rate decreased to 2.5% in December from 2.6% in November, according to the Office for National Statistics, defying economists' expectations for it to stay the same.

• Immediate support is seen at 2.1682 (50%fib) and break below could take the pair towards 2.1526(61.8%fib).

Recommendation: Good to sell  around 2.1820 with stop loss of 2.1900 and target price of 2.1680