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 - Sep 20, 2013

Written By : ForexAbode.com || 2013-09-20 00:00:00 GMT

British Pound-Japanese Yen (GBP/JPY) broke over 158.55 and then moved as we had indicated during the last weekend. The pair went as high as 159.99 before dropping to 158.95 and then closing for the week at 159.99. The near-term bullish outlook has even become stronger for GBP/JPY.

GBP/JPY Weekly Outlook - Sep 14, 2013

Written By : ForexAbode.com || 2013-09-14 00:00:00 GMT

British Pound - US Dollar (GBP/USD) broke over 1.5717 and then moved as we had indicated during the last weekend. The pair went 7 pips above the indicated 1.5878 before closing for the week at 1.5875. The price action of GBP/USD clearly shows the underlying bullish outlook. This outlook is also fueled by the break over the 61.8% retracement of the fall from 1.6381 to 1.4813.

GBP/JPY Weekly Outlook - Sep 08, 2013

Written By : ForexAbode.com || 2013-09-08 00:00:00 GMT

British Pound-Japanese Yen (GBP/JPY) had fallen strongly but found support 8 pips over the 150.40 support mentioned by us two weeks back. The currency pair rose strongly from 150.48 to go as high as 156.43. A strong resistance there took it down to 154.13 before it closed for the week at 154.92.

GBP/JPY Weekly Outlook - Aug 25, 2013

Written By : ForexAbode.com || 2013-08-25 00:00:00 GMT

British Pound-Japanese Yen (GBP/JPY) rose very sharply and tried to break the resistance of 154.66 mentioned by us during the last weekend but the resistance came just one pip above that at 154.67. The currency pair then dropped to 153.42 before closing for the week at 153.72.

GBP/JPY Weekly Outlook - Aug 18, 2013

Written By : ForexAbode.com || 2013-08-18 00:00:00 GMT

British Pound-Japanese Yen (GBP/JPY) broke the resistance of 150.70 and then jumped up strongly to 153.25 before closing for the week at 152.37. The strong upward jump indicated the possibilities for some further gains but on the other hand the strong resistance at 153.25 and much ahead of 154.05 of July 24th neutralizes the immediate outlook for further gains.

GBP/JPY Weekly Outlook - Aug 11, 2013

Written By : ForexAbode.com || 2013-08-11 00:00:00 GMT

British Pound-Japanese Yen (GBP/JPY) could not break above 152.00 which we had indicated during the last weekend. The strong fall from 151.52 extended to 147.62. A good support was realized there but the failure came below 151.00 before the weekly closing at 149.12. The continuously failed efforts to break over last to last week's high of 151.58 and then the continuous resistance of 150.70 brings in the bearish outlook for GBP/JPY.

GBP/JPY Weekly Outlook - Aug 04, 2013

Written By : ForexAbode.com || 2013-08-04 00:00:00 GMT

British Pound-Japanese Yen (GBP/JPY) had dropped and interestingly the low was exactly 148.26 which was mentioned by us during the last week. The strong upward jump, thereafter, took the GBPJPY pair to 151.58 before the prices closed for the week at 151.29.

GBP/JPY Gives A Near Term Bearish Signal - Forex Chart Alert

Written By : forexabode || 2013-08-01 03:31:54 GMT

After a fall from 156.77, GBP/JPY had remained in a volatile sideways mode since middle of June 2013. The recent fall is indicating a near term bearish mood for deeper consolidation. Before this fall we had indicated that the pair is in a very strong resistance zone.

GBP/JPY Weekly Outlook - Jul 28, 2013

Written By : ForexAbode.com || 2013-07-28 00:00:00 GMT

British Pound-Japanese Yen (GBP/JPY) had touched 154.05 but fell sharply to 150.73 before closing for the week at 151.17. The failure to break over the resistance zone of 154.00 to 154.66 as indicated in this old chart alert has brought the bearish outlook for the near term but on the other hand the possible psychological support of 150.00 ranges will keep us neutral till a break below 150.00 does not take place.

GBP/JPY Weekly Outlook - Jul 21, 2013

Written By : ForexAbode.com || 2013-07-21 00:00:00 GMT

British Pound-Japanese Yen (GBP/JPY) rose sharply against the expectations of some more downward consolidation and went as high as 153.68 before a bullish weekly closing at 153.62. Once again the support pattern of 22-week EMA held it's grounds. This, combined with the strong rise make the near-term outlook again bullish and we expect some further rise.

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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