GBPJPY Outlook And Forecast

GBPJPY outlook and forecast is written by the team of ForexAbode's in-house analysts and is followed by the traders around the world. The GBP/JPY outlook takes into account the various factors which can affect the price action of the currency pair. The outlook takes into the consideration important news, economic releases, technical factors but most importantly the price action analysis.

The price action analysis reflects our views for short-term to mid-term expectations for GBP/JPY. However, sometimes it takes into account the price data which may span many years and is also supported by our very popular chart alerts.

The weekly updates include the predictions for the next week's expected moves for the British pound/Japanese yen. However, the projections are not only limited to the coming week but are applicable for near-term. Apart from the weekly prediction we also update GBP/JPY daily analysis, which presents our view about the price action from short-term perspective.


GBP/JPY Weekly Outlook - Mar 15, 2014

Written By : || 2014-03-15 00:00:00 GMT

GBP/JPY Weekly Outlook and Predictions GBP/JPY continued its fall from 173.58 to go as low as 167.93 before closing for the week at 168.72.   The facts that the pair failed to test January 22nd's resistance of 173.65 merely by 7 pips and then broke below not only 168.83 of March 3rd but the short-term support trend-line also, brings short-term bearish sentiments in the picture.

What did GBP/JPY's recent support whispered?

Written By : forexabode || 2014-02-23 01:33:39 GMT

GBP/JPY surely lost upward momentum during the the last week and that may cast some doubts about the continuation of further gains.

GBP/JPY Weekly Outlook - Jul 11, 2010

Written By : || 2014-02-20 06:09:49 GMT

1. UK: Producer prices unexpectedly dropped in June for the first time in 1 1/2 years. 2. UK: Industrial Production release positive. 3. UK: Goods Trade Balance and Total Trade Balance release were negative as compared to previous and expectations. 4. Japan: Core Machine Orders data was negative as compared to previous release and expectations. 5. Japan: Trade Balance data was less than the previous release and expectations.

GBP/JPY Fundamentals and Economic Strength Meter - Feb 16, 2014

Written By : || 2014-02-16 00:00:00 GMT

GBP/JPY fundamentals are updated weekly. It is one of the basis for the GBP/JPY weekly outlook. 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 - Feb 11, 2014

Written By : || 2014-02-11 00:00:00 GMT

GBP/JPY Daily and Hourly Charts GBP/JPY Hourly Chart      GBP/JPY Daily Chart        GBP/JPY Daily Technical Analysis Current Exchange Rate: 168.40 at the time of analysis update. Intraday outlook:  GBP/JPY's Latest Analysis (February 11, 2014): The strong upward jump which broke over the expected resistance of 167.77 to 168.34 zone makes the outlook mildly bullish.

GBP/JPY Weekly Outlook - Feb 02, 2014

Written By : || 2014-02-02 00:00:00 GMT

GBP/JPY tried to recover after touching 167.77 but failed at 171.47 and then fell sharply to 167.58 before closing for the week at 167.67.   From the price-action perspective the recent fall is only considered as a consolidation from the resistance of 175.00 level. The recent high was 174.85 and the psychological resistance of 175.00 level was a normal phenomena.

GBP/JPY Weekly Outlook - Dec 29, 2013

Written By : || 2013-12-29 00:00:00 GMT

GBP/JPY had broken below 167.52 but had found support well over 165.88 which we had indicated during the previous update 2 weeks back and quoted above. The support had come at 166.58. During last week the pair went as high as 173.95 before closing for the week at 173.33. The outlook remains bullish for GBP/JPY.

GBP/JPY Weekly Outlook - Dec 14, 2013

Written By : || 2013-12-14 00:00:00 GMT

GBP/JPY moved as high as 170.05 before dropping to 167.52. Another recovery found resistance at 169.82 before another drop to 167.71 and weekly closing at 168.26. The break over 170.00 keeps the overall bullish sentiments intact but the fact that the price-action could not sustain and the failure came just 6 pips above this big psychological level keeps us neutral for GBP/JPY initially.

GBP/JPY Weekly Outlook - Dec 07, 2013

Written By : || 2013-12-07 00:00:00 GMT

GBP/JPY moved exactly as we had indicated during the past weekend. The pair went as high as 169.14 before dropping to 165.88. Another upward jumpy took it to 168.27 before the weekly closing at 168.23. By touching 168.12 the pair had completed the 38.2% retracement of the mighty fall from July 2007's 251.09. The resistance at 169.14 was natural because of the approaching strong psychological level of 170.00.

Is GBP/JPY Up For Reversal?

Written By : forexabode || 2013-12-01 06:45:35 GMT

Lehman Brothers had filed for bankruptcy on September 15th, 2008 and during that month GBP/JPY had shown a volatility of 1386 pips with the month's high as 198.31 and low as 184.45. But then which currency trader can forget the month of October 2008? During that one month GBP/JPY had moved 6101 pips. Such volatility is rare to be seen.

GBP/JPY Interest Rates Comparison
(For Carry Trades)
Pound sterling (GBP) interest rate
Japanese yen (JPY) interest rate
GBP/JPY interest rate comparison

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