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 Weekly Outlook - Oct 16, 2011

Written By : ForexAbode.com || 2011-10-16 00:00:00 GMT

Fundamentals (Recent economic releases) 1. UK: RICS Housing Price Balance: -23 and same as the previous release as well as forecasts. 2. UK: Manufacturing Production (YoY): 1.5%, negative as compared to the previous release (2.6%) as well as forecasts (1.6%). Same with month on month data. 3. UK: Industrial Production (YoY): -1.0%, better than the forecasts of -1.2% but slightly less than the previous release of -0.9%..

GBP/JPY Weekly Outlook - Oct 09, 2011

Written By : ForexAbode.com || 2011-10-09 00:00:00 GMT

Fundamentals (Recent economic releases) 1. UK: GDP (QoQ) for Q2: 0.1% and negative as compared to the previous release (0.4%) as well as forecasts (0.2%). 2. UK: Total Business Investment (YoY): 3.8% which was quite better than the previous 2.7%. Same as the Quarter on Quarter data of 11.6% against the previous release of -3.2%. 3.

GBP/JPY Weekly Outlook - Oct 02, 2011

Written By : ForexAbode.com || 2011-10-02 00:00:00 GMT

Fundamentals (Recent economic releases) 1. UK: CBI Distributive Trade Survey (MoM): -15%, same as the forecasts but slightly negative as compared to the previous -14%. 2. UK: Net Lending to Individuals: Pounds 0.6B and hence negative as compared to the previous release (0.bB) as well as forecasts (0.8B). 3. UK: Mortgage Approvals: 52.41K and positive as compared to the previous release (49.644K) as well as forecasts (49.50K). 4.

GBP/JPY Weekly Outlook - Sep 25, 2011

Written By : ForexAbode.com || 2011-09-25 00:00:00 GMT

Fundamentals (Recent economic releases) 1. UK: Rigntmove House Price Index (YoY): 1.5% against previous -0.3%. 2. UK: Nationwide Consumer Confidence: 48, slightly better than the forecasts of 47 but less than the previous release of 49. 3. UK: Public Sector Net Borrowing: 13.151 Billion Pounds and quite positive as compared to the previous release (-1.96 B Pounds) as well as forecasts (11.300 B Pounds). 4.

GBP/JPY Weekly Outlook - Sep 18, 2011

Written By : ForexAbode.com || 2011-09-18 00:00:00 GMT

Fundamentals (Recent economic releases) 1. UK: RICS Housing Price Balance: -23, slightly negative as compared to the previous release (-22) as well as forecasts (-22). 2. UK: Goods Trade Balance: -8.922B Pounds, as compared to the previous release (-8.873B) as well as forecasts (-8.500B). 3. UK: Trade Balance (Non-EU): -5.505B Pounds, better than the previous -5.718B. 4.

GBP/JPY Weekly Outlook - Sep 11, 2011

Written By : ForexAbode.com || 2011-09-11 00:00:00 GMT

Fundamentals (Recent economic releases) 1. UK: PMI for Services at 51.1 - negative as compared to the previous release (55.4) as well as forecasts (54.3). 2. UK: Year on year Manufacturing Production 1.9%: same as the forecasts but less than the previous release of 2.1%. 3. UK: Year on year Industrial Production -0.7%: negative as compared to the previous release (-0.3%) as well as forecasts -0.6%). 4.

GBP/JPY Weekly Outlook - Sep 04, 2011

Written By : ForexAbode.com || 2011-09-04 00:00:00 GMT

Fundamentals (Recent economic releases) 1. UK: Mortgage Approvals 49.23K - positive as compared to the previous release (49.50K) as well as forecasts (49.00K). 2. UK: Net Lending to Individuals Ponds 0.9B - Slightly less than the forecasts of 1.1B but quite better than the previous release of Pounds 0.4B. 3. UK: Gfk Consumer Confidence -31: same as the forecasts of -31 and slightly less than the previous release of -30. 4.

GBP/JPY Weekly Outlook - Aug 28, 2011

Written By : ForexAbode.com || 2011-08-28 00:00:00 GMT

Fundamentals (Recent economic releases) 1. UK: BBA Mortgage Approvals release- Positive as compared to the previous release as well as forecasts. 2. UK: Nationwide Consumer Confidence (= 49)- Positive as compared to the  forecasts (46) though little less than the previous release (51) 3. UK: GDP year on year prelim data (= 0.7%)- negative as compared to the previous release (1.6%).

GBP/JPY Weekly Outlook - Aug 14, 2011

Written By : ForexAbode.com || 2011-08-14 00:00:00 GMT

Fundamentals (Recent economic releases) 1. UK: Producer Price Index reports for both Input and Output for year on year and month on month- positive as compared to the previous release but generally same as the forecasts. 2. UK: PMI for Services (55.4)- positive as compared to the previous release (53.9) as well as forecasts (53.4). 3.

GBP/JPY Weekly Outlook - Aug 07, 2011

Written By : ForexAbode.com || 2011-08-07 00:00:00 GMT

Fundamentals (Recent economic releases) 1. UK: Producer Price Index reports for both Input and Output for year on year and month on month- positive as compared to the previous release but generally same as the forecasts. 2. UK: PMI for Services (55.4)- positive as compared to the previous release (53.9) as well as forecasts (53.4). 3.

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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