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FxWirePro:GBP/NZD tight ranges prevail as market waits for fresh catalyst

•  GBP/NZD pair eased slightly on Thursday as investors booked profits as market focuses shifted  Friday's U.S. payrolls report.

• Polls estimate that August non-farm payrolls will rise to 160,000 from 114,000 in July, with the unemployment rate expected to drop to 4.2% from 4.3%.

• At (GMT 21:03) GBP/NZD   was trading up 0.01 percent at 2.1183, after hitting highest level since August 28th.

• Immediate resistance is located at 2.1261 (38.2%fib), any close above will push the pair towards 2.1357 (Aug 22nd  high).

• Immediate support is seen at 2.1151  (38.2%fib) and break below could take the pair towards 2.1087(50%fib).

Recommendation: Be on side lines

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