• GBP/ NZD steadied around 2.1315 as focus shifted to next week's UK inflation data and central bank meeting.
• Next week, the Bank of England is anticipated to maintain its current interest rates, with futures markets showing an 80% likelihood of stability after the recent 25 basis-point reduction.
• Unless there is a broader deterioration in overall investor risk sentiment, the GBP/ NZD appears well placed to extend its advance in the near-term.
• Immediate resistance is located at 2.1386 ( 38.2% fib), any close above will push the pair towards 2.1425 (Higher BB).
• Immediate support is seen at 2.1203(50%fib) and break below could take the pair towards 2.1145(Sep 6th low).
Recommendation: Good to buy around 2.1300, with stop loss of 2.1240 and target price of 2.1390
