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 - May 23, 2010

Written By : ForexAbode.com || 2010-05-23 00:00:00 GMT

Current 131.31 Trend:Down (little correction expected) Outlook:Bearish. Fundamentals: 1. UK: Concerns that U.K. coalition government may struggle to reduce Britain’s budget deficit, which is over 11 percent of GDP and is the biggest in the Group of Seven nations. 2. UK: CPI (Consumer Price Index) releases better than expected. 3. UK: Retail sales less than previous but was better than expectations. 4.

GBP/JPY Weekly Outlook - May 16, 2010

Written By : ForexAbode.com || 2010-05-16 00:00:00 GMT

Current 134.38 Trend:Down. Outlook:Bearish. Fundamentals: 1. UK: The British election failed to produce a clear winner to form a new government. The first election since 1974 that failed to produce a majority. 2. UK: Manufacturing sector results have been good. 3. UK: Average earning and jobless claims releases were positive. 4. UK: Claimant count release was good. 5. UK: Air traffic may be further disrupted across the U.K.

GBP/JPY Weekly Outlook - May 09, 2010

Written By : ForexAbode.com || 2010-05-09 00:00:00 GMT

Current 116.84 Trend:Down. Outlook:Bearish. Please note the following: 1) EU: European leaders agreed to set up an emergency fund to contain the spread of Greece financial/debt crisis to other nations. 2) EU: Merkel said “Europe will send a very clear signal against those who want to speculate against the euro,”.

GBP/JPY Weekly Outlook - May 02, 2010

Written By : ForexAbode.com || 2010-05-02 00:00:00 GMT

Current 143.34 Trend:Sideways. Please note the following: 1) UK: Political uncertainties remain a concern. 2) UK: Consumer spending remains weak. 3) UK: Retail sales down and less than expected. 4) UK: GDP fell more than expected. 5) UK: Housing prices increased. 6) UK Overall: Weak fundamentals. 7) Japan: Household spending improved. 8) Japan: Deflation continues.

GBP/JPY Weekly Outlook - May 09, 2010

Written By : ForexAbode.com || 2010-05-02 00:00:00 GMT

Current 135.45 Trend:Down. Outlook:Bearish. Please note the following: 1) UK: The British election failed to produce a clear winner to form a new government. The first election since 1974 that failed to produce a majority. 2) UK: House prices fell in April from a month earlier as supply is more than the demand. 3) UK: Producer Price Index for outputs increased.

GBP/JPY Weekly Outlook - April 25, 2010

Written By : ForexAbode.com || 2010-04-25 00:00:00 GMT

Current 144.50 Trend:Slowing Uptrend. Please note the following: 1) UK: Political uncertainties remain. 2) UK: GDP reports not good.. 3) UK: Retail sales dropped.

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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