• GBP/NZD edged higher on Wednesday as investors booked profits on shorts ahead of Friday's Jackson Hole speech by Fed Chair Jerome Powell .
• Investors are eagerly awaiting Fed Chair Powell's speech at the Jackson Hole symposium in Wyoming, where he is expected to acknowledge the case for a potential rate cut in Sep
• With limited data market ranges may remain tight until the next major catalyst—Fed Chair Jerome Powell's speech on Friday.
• 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 sell around 2.1290, with stop loss of 2.1350 and target price of 2.1200
