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GBP/JPY Signal - GBP Claimant Count Rate - 16 Nov 2021

Short
British Pound / Japanese Yen (FX:GBPJPY)  
ToniSignals  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Harmonic Patterns GBPJPY Forex forexsignals GBP jpy forexsignalservice
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trendanalysis chartpattern harmonicpatterns gbpjpy forex forexsignals gbp jpy forexsignalservice
GBPJPY is holding bearish structure prior to the GBP Claimant Count Rate, which measures the rate of people applying for unemployment benefits in the UK.

Technically the pair is holding bearish structure on the 1H price chart, and is also trading below the resistance trendline. We anticipate continued downside into the 151.740 level.

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