GBP/JPY: Analysis, Outlook and Forecasts

GBP/JPY (British Pound - Japanese Yen) outlook and forecast is presented by the team of ForexAbode's analysts and is followed by the traders around the world. The outlook takes into account the various factors which can affect the future price-action of GBP/JPY. The factors to analyze the outlook are geo-political news, fundamentals including major economic releases and technical factors but most importantly we focus on the price-action analysis.

The outlook reflects our views for short-term to mid-term movement of the currency pair. However, sometimes the analysis takes into account the price-data which may span many years and have a longer-term view. This is also supported by our very popular chart alerts.

The weekly analysis includes the predictions for the next week's expected moves for the pound sterling and Japanese yen. However, the forecast is not only limited to the coming week but is applicable for the overall expectations for the near-term to longer-term. Apart from the weekly forecasts we also update GBP/JPY daily technical analysis, which presents our views about the price-action from short-term perspective.

You may also like to check the following resources for trading GBP/JPY:

GBP/JPY Fundamental Analysis & Economic Strength Meter - August 17, 2014

Written By : ForexAbode.com || 2014-08-17 04:38:55 GMT

GBP/JPY fundamental analysis is updated weekly. This is mainly derived from the recent major economic releases and news. The GBP/JPY economic strength meter at the bottom shows the relative strength or weakness of the recent economic releases and news from the U.K.

GBP/JPY Weekly Outlook - August 11 to 15, 2014

Written By : ForexAbode.com || 2014-08-10 01:39:33 GMT

GBP/JPY failed in its attempt of recovery at 173.50 and fell strongly to touch 170.71 before closing for the week at 171.15. The strong fall and the break below June 11's 170.97 made the short-term bearish outlook stronger. However, the support seen in the upper half of 170.00 range suggests that the possibilities that the psychological support of 170.00 may hold should not be overlooked.

GBP/JPY Fundamental Analysis & Economic Strength Meter - August 9, 2014

Written By : ForexAbode.com || 2014-08-08 21:26:56 GMT

GBP/JPY fundamental analysis is updated weekly. This is mainly derived from the recent major economic releases and news. The GBP/JPY economic strength meter at the bottom shows the relative strength or weakness of the recent economic releases and news from the U.K.

GBP/JPY Daily  Technical Analysis - August 4, 2014

Written By : ForexAbode.com || 2014-08-04 05:10:46 GMT

Current Exchange Rate: 172.58 at the time of analysis update. Intraday outlook: . There is no argument about the strengthening bearish sentiment, at least for the short-term, but we are staying neutral initially, considering the fact that recently the support was witnessed twice exactly at the same level i.e. 172.38. And this happened with a wide time gap on June 30th and then August 1st.

GBP/JPY Fundamental Analysis & Economic Strength Meter - August 2, 2014

Written By : ForexAbode.com || 2014-08-01 17:58:17 GMT

GBP/JPY fundamental analysis is updated weekly. This is mainly derived from the recent major economic releases and news. The GBP/JPY economic strength meter at the bottom shows the relative strength or weakness of the recent economic releases and news from the U.K.

GBP/JPY Weekly Outlook - July 28 to Aug 1, 2014

Written By : ForexAbode.com || 2014-07-27 04:36:11 GMT

GBP/JPY stayed rang bound during the last week with a low at 172.60 and a high of 173.47 before closing for the week at 172.84.   The loss in the downward moves keep us neutral for the currency pair. Overall the recent fall is still considered as a mere consolidation and the overall bullish outlook remains intact for GBP/JPY.

GBP/JPY Fundamental Analysis & Economic Strength Meter - July 26, 2014

Written By : ForexAbode.com || 2014-07-25 18:32:40 GMT

GBP/JPY fundamental analysis is updated weekly. This is mainly derived from the recent major economic releases and news. The GBP/JPY economic strength meter at the bottom shows the relative strength or weakness of the recent economic releases and news from the U.K.

GBP/JPY Analysis - July 23, 2014

Written By : ForexAbode.com || 2014-07-23 03:39:00 GMT

Current Exchange Rate: 172.75 at the time of analysis update. Intraday outlook: . We expect further decline for GBP/JPY. The currency pair has broken below the 55-day EMA support rather strongly. As we had also mentioned yesterday, the pair had found resistance below the high of the dojii styled candle of July 18th. That high was 173.58 and the recent resistance was felt at 173.47.

GBP/JPY Analysis - July 22, 2014

Written By : ForexAbode.com || 2014-07-22 02:46:22 GMT

Current Exchange Rate: 173.17 at the time of analysis update. Intraday outlook: . GBP/JPY found resistance below the high of the dojii styled candle of July 18th. That high was 173.58 and the recent resistance was felt at 173.47. The current price is at 55-day EMA support and though recently there have been 2 efforst to break that support, we still remain neutral till a decisive break of this support does not take place.

GBP/JPY Fundamental Analysis & Economic Strength Meter - July 20, 2014

Written By : ForexAbode.com || 2014-07-19 19:38:15 GMT

GBP/JPY fundamental analysis is updated weekly. This is mainly derived from the recent major economic releases and news. The GBP/JPY economic strength meter at the bottom shows the relative strength or weakness of the recent economic releases and news from the U.K.

Interest Rates difference of GBP and JPY

GBP to JPY Interest Rates Comparison
(For Carry Trades)
Pound sterling (GBP) interest rate
0.50%
Japanese yen (JPY) interest rate
0.10%
GBP/JPY interest rate comparison
0.40%

Overall Price-Action Trend of GBP/JPY

Please refer the following monthly chart of 10-year historical price-action to check the overall GBP/JPY trend.

Monthly chart of GBP/JPY, indicating the overall trend.

 

Main observations for GBP/JPY historical price-action and outlook for the near future

  • The attempt of recovery, after the great fall during the economic crisis of 2008-2009, had found very strong resistance in the range of 162.55 to 163.07. GBP/JPY managed to break over that resistance.
  • Not only the above mentioned resistance was taken out but that previous resistance seems to be acting as support now and that indicates bullish sentiments.
  • The pair also completed the 38.2% retracement and broke over that resistance as well.
  • GBP/JPY's recent high was 174.84 during the beginning of January 2014. Since then the price-action has been staying below that. This fact is indicating the psychological resistance of 175.00. However, the recent lows have been getting higher and that also indicates that the pair may take out the resistance of 175.00 sooner or later.

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