GBP/JPY Outlook (15 March 2022)

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.