Overall, GBP/JPY is trending upwards.
The UK employment data released yesterday indicated lower number of people claiming for unemployment benefits while unemployment inched lower in December.
The UK CPI y/y data (Forecast: 5.2%, Previous: 5.1%) will be released later at 1500 (GMT+8).
Bank of England Governor Bailey will be testifying before the Treasury Select Committee on the Financial Stability Report later at 2215 (GMT+8). During this time, there may be volatility in GBP.
Currently, GBP/JPY is testing the support zone of 156.000 and the next resistance zone is at 158.000.
Look for short-term selling opportunities of GBP/JPY if it breaks the support zone of 156.000.
The UK employment data released yesterday indicated lower number of people claiming for unemployment benefits while unemployment inched lower in December.
- Average Earnings Index 3m/y (Actual: 4.2%, Forecast: 4.2%, Previous: 4.9%)
- Claimant Count Change (Actual: -43.3K, Forecast: -38.6K, Previous: -49.8K)
- Unemployment Rate (Actual: 4.1%, Forecast: 4.2%, Previous: 4.2%)
The UK CPI y/y data (Forecast: 5.2%, Previous: 5.1%) will be released later at 1500 (GMT+8).
Bank of England Governor Bailey will be testifying before the Treasury Select Committee on the Financial Stability Report later at 2215 (GMT+8). During this time, there may be volatility in GBP.
Currently, GBP/JPY is testing the support zone of 156.000 and the next resistance zone is at 158.000.
Look for short-term selling opportunities of GBP/JPY if it breaks the support zone of 156.000.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join my mailing list jindaotai.com/joinme
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.