GBP/JPY Price Outlook Amid Unexpected UK Unemployment Rate Drop
Tuesday, 13 August 2024, 00:15
GBP/JPY Price Movement
The GBP/JPY currency pair is holding above the 189.00 mark following a surprising dip in the UK unemployment rate. This development points to growing economic strength in the UK, influencing trader sentiment and market dynamics.
Key Levels to Watch
Traders are now focusing on an initial resistance level at 189.50 as the next target, while the key support level remains at 186.48. These thresholds will be pivotal for upcoming market movements.
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