GBP/USD Outlook (15 December 2021)

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Overall, GBP/USD is trending downwards.

The UK employment data released yesterday indicated further improvement in the job market from the previous month.

• Average Earnings Index 3m/y (Actual: 4.9%, Forecast: 4.6%, Previous: 5.9% revised from 5.8%)
  
• Claimant Count Change (Actual: -49.8K, Forecast: -31.5K, Previous: -58.5K revised from 14.9K)
  
• Unemployment Rate (Actual: 4.2%, Forecast: 4.2%, Previous: 4.3%)
  

The UK CPI y/y data will be released later at 1500 (GMT+8).

• CPI y/y (Forecast: 4.8%, Previous: 4.2%)
  
• Core CPI y/y (Forecast: 3.7%, Previous: 3.4%)
  

Currently, GBP/USD is testing the support zone of 1.32200 and its next resistance zone is at 1.33800.
If GBP/USD breaks the support zone of 1.32200, look for short-term selling opportunities up until the release of the U.S. FOMC monetary policy decision tomorrow at 0300 (GMT+8).