GBPJPY Outlook And Forecast

GBP/JPY (British Pound - 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 outlook takes into consideration any important news, economic releases, technical factors but most importantly the price-action analysis.

The outlook reflects our views for short-term to mid-term movement of "GBP JPY". However, sometimes the analysis 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 the overall expectations for the near-term. Apart from the weekly prediction we also update GBP/JPY daily analysis, which presents our views about the price-action from short-term perspective.

Do also check the GBP/JPY interest rate comparison and the overall GBP/JPY trend.

You may also like to check GBP/JPY pivot points.

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.

GBP/JPY Analysis - July 16, 2014

Written By : ForexAbode.com || 2014-07-16 05:00:59 GMT

Current Exchange Rate: 174.31 at the time of analysis update. Intraday outlook: Neutral. GBP/JPY had a strong jump today to touch as high as 174.55. The 55-day EMA support worked again for the crreny pair. The break over 174.44 goes in favor of further gains. However, we still stay neutral as long as the price-action does not break above 174.56 decisively.

GBP/JPY Analysis - July 15, 2014

Written By : ForexAbode.com || 2014-07-15 06:29:18 GMT

Current Exchange Rate: 174.36 at the time of analysis update. Intraday outlook: Neutral. GBP/JPY once again managed to find support near 55-day EMA. The strong upward jump by GBP/JPY has argued against the previous outlook that we could expect some further decline as correction. This argument gets some more strength from the fact that the recent high of 174.44 tried to break above a74.43 which we had indicated in the weekend update.

GBP/JPY Weekly Outlook - July 14 to 18, 2014

Written By : ForexAbode.com || 2014-07-13 06:55:03 GMT

GBP/JPY had gone as low as 172.96 to test the 55-day EMA support during the last week. A support was witnessed but the recovery failed to sustain at 173.80. The currency pair then fell to 173.08 before closing for the week at 173.29. The overall bullish outlook remains intact for GBP/JPY but the failure to sustain above the psychological level of 175.00 and the fact that the weekly i.e. 5-day EMA crossed below the monthly i.e.

GBP/JPY Fundamental Analysis & Economic Strength Meter - July 12, 2014

Written By : ForexAbode.com || 2014-07-11 18:06:59 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 11, 2014

Written By : ForexAbode.com || 2014-07-11 03:52:36 GMT

Current Exchange Rate: 173.72 at the time of analysis update. Intraday outlook: Neutral. Yesterday's strong fall had brough bearish sentiments, for the short-term, in the picture. However the strong support at 55-day EMA keeps those sentiments in check and keeps the immediate outlook neutral for GBP/JPY. On the upside, resistance is expected to hold in the range of 173.95 to 174.15.

Interest Rates (GBP/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%

GBP-JPY Overall Trend

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

GBP/JPY trend - 10 year's historical chart of British pound and US dollar

 

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 soon.

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