GBPJPY lost its shine after dismal UK jobs data. It hits an intraday low of 207.35 and is currently trading around 207.70.
Late 2025/early 2026 UK labour market statistics reveal a gradual cooling: In January 2026, claimant count increased 13.4K (below expectations), while annual claims continued to decline despite adjustments.
Wage growth lost momentum, slowing to 4.2% y/y for both regular and total pay in the three months to December 2025, with real pay growth (CPIH-adjusted) at just 0.5%.
At the margins, the market is loosening as private sector pay rose only 3.4%; unemployment held steady at 5.2% in Q4 2025; this helps to reduce wage pressures without indicating abrupt weakness.
|
Technicals |
CMP -207.70 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
210.32 |
CMP < value |
Bearish |
|
200- EMA |
210.90 |
CMP < value |
Bearish |
|
365- EMA |
209.58 |
CMP < value |
Bearish |
Major support- 207.50/206.75/205. Major resistance - 208.25/20920/210
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
below zero line (bearish) |
-84 |
|
ADX |
Bearish |
Strength jumped from 24.13 to 24.95 |
It is good to sell on rallies around 208. with SL around 210.50 for a TP of 207.55/206.


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