• GBP/NZD climbed on Monday as optimism over a European-led Ukraine peace plan boosted the pound
• British Prime Minister Keir Starmer announced on Sunday that European leaders had agreed to draft a Ukraine peace plan for U.S. consideration, a crucial step for Washington to provide the security guarantees Kyiv deems essential to deter Russia.
• Starmer said on Sunday that leaders also agreed to ensure Kyiv's participation in any peace talks and to strengthen Ukraine’s defense capabilities.
• GBP/ NZD is now on course to register a close below the 23.6%fib level, chart points to bigger gains towards 2.0650.
• Immediate resistance is located at 2.2665(23.6%fib), any close above will push the pair towards 2.2700(Psychological level).
• Support is seen at 2.2510( 38.2%fib) and break below could take the pair towards 2.2473(EMA 5).
• Recommendation: Good to buy around 2.0580, with stop loss of 2.0500 and target price of 2.0650
