GBP/JPY Outlook (17 August 2021)

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GBP/JPY Outlook (17 August 2021)

ByJin Dao Tai

 AUG 17, 2021

GBP/JPY Outlook (17 August 2021)

Overall, GBP/JPY is ranging across.

The UK employment data will be released later at 1400 (GMT+8).

  • Average Earnings Index 3m/y (Forecast: 8.6%Previous: 7.35)
  • Claimant Count Change (Forecast: TBAPrevious: -114.8K)
  • Unemployment Rate (Forecast: 4.8%Previous: 4.8%)

Currently, GBP/JPY is testing the support zone of 151.000 and the next resistance zone is at 153.800.

Look for short-term selling opportunities of GBP/JPY if it breaks the support zone of 151.000.

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