GBP/USD Outlook (16 November 2021)

Overall, GBP/USD is trending downwards.

The UK employment data will be released later at 1500 (GMT+8).

• Average Earnings Index 3m/y (Forecast: 6.0%, Previous: 7.2%)
  
• Claimant Count Change (Forecast: TBA, Previous: -51.1K)
  
• Unemployment Rate (Forecast: 4.4%, Previous: 4.5%)
  

Currently, GBP/USD is testing the resistance zone of 1.34000 and the next support zone is at 1.32200.
Look for short-term selling opportunities of GBP/USD if it rejects the resistance zone of 1.34000.