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filatovarthur
Mar 15, 2022 1:33 AM

GBP/JPY Outlook (15 March 2022) Long

PEPPERSTONE:GBPJPY240
British Pound vs Japanese YenPepperstone

Description

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Overall, GBP/JPY is trending downwards. Recently, GBP/JPY traded into the resistance zone of 153.800.

The UK employment data will be released later at 1500 (GMT+8).

  • Average Earnings Index 3m/y (Forecast: 4.6%, Previous: 4.3%)
    Claimant Count Change (Forecast: 20.3K, Previous: -31.9K)
    Unemployment Rate (Forecast: 4.0%, Previous: 4.1%)

Currently, GBP/JPY is testing the resistance zone of 153.800 and the next support zone is at 151.000.
Look for short-term buying opportunities of GBP/JPY if it breaks the resistance zone of 154.200.
Trend AnalysisForexforexsignalsforextradingforexanalysisGBPJPY
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