• GBP/NZD initially dipped but recovered some ground as traders digested UK business activity data and remarks from Bank of England governor Andrew Bailey. • Bank of England Governor Andrew Bailey warned on Friday that relaxing financial regulations as the memory of past crises fades could be risky, emphasizing that central banks must stay alert to new potential threats. • Immediate resistance is located at 2.3218 (Daily high ), any close above will push the pair towards 2.3240(23.6%fib). • Strong support is seen at 2.3051 (38.2% fib) and break below could take the pair towards 2.2988 (SMA 20). Recommendation: Good to buy around 2.3100, with stop loss of 2.3000 and target price of 2.3180