GBP/JPY Outlook (18 January 2022)

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Overall, GBP/JPY is trending upwards.

The UK employment data will be released later at 1500 (GMT+8).
  • Average Earnings Index 3m/y (Forecast: 4.2%, Previous: 4.9%)
  • Claimant Count Change (Forecast: -38.6%, Previous: -49.8%)
  • Unemployment Rate (Forecast: 4.2%, Previous: 4.2%)


Currently, GBP/JPY is testing the support zone of 156.000 and the next resistance zone is at 158.000.
Look for short-term buying opportunities of GBP/JPY if it bounces off the support zone of 156.000.

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