The recent increase in the UK's unemployment rate to 4.3%
has raised concerns about the British economy's health. This uptick suggests potential economic challenges, which could weaken the British Pound (GBP). In the GBP/JPY currency pair, a weaker GBP against the Japanese Yen (JPY) may present a bearish trading opportunity. Traders might consider monitoring this pair for potential sell signals, especially if technical indicators align with the fundamental data.
1:3 ratio