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:

 

 

Bullish GBP/JPY Against Bullish Resistances

Written By : forexabode || 2013-07-20 09:04:25 GMT

GBP/JPY had maintained the support pattern which has been in place for past 10 months i.e. since mid-September 2012. The pair has been finding support near 22-week EMA during any fall since then. The recent loss of upward momentum and the resulting volatile sideways moves kept finding support yet again at that level.

GBP/JPY Weekly Outlook - Jul 14, 2013

Written By : ForexAbode.com || 2013-07-14 00:00:00 GMT

British Pound-Japanese Yen (GBP/JPY) remained in a sideways mode between 148.78 and 151.61 before closing for the week at 149.88. The highlight of the last week was a break below 149.25 which was the low of the overall sideway range in which price action has been since June 20th.

GBP/JPY And 22-Week EMA - Will The Pattern Hold - Forex Chart Alert

Written By : forexabode || 2013-06-30 02:54:03 GMT

GBP/JPY had once again maintained the pattern of finding support near 22-week EMA. In fact we had predicted as support at 147.11 long before the support was found exactly at that level and the pair jumped from 147.11.

GBP/JPY Weekly Outlook - Jun 30, 2013

Written By : ForexAbode.com || 2013-06-30 00:00:00 GMT

British Pound-Japanese Yen (GBP/JPY) remained in a sideways mode above 149.00 and below 151.93 with the high of the last week as 151.75 and low of the week as 149.25.

GBP/JPY Weekly Outlook - Jun 23, 2013

Written By : ForexAbode.com || 2013-06-23 00:00:00 GMT

British Pound-Japanese Yen (GBP/JPY) moved up strongly from 147.11 and went as high as 151.93 before closing for the week at 150.95. The history of 22-week EMA did repeat again and not only that but the support came exactly at the level mentioned by us i.e. 147.11. 20 days back i.e.

GBP/JPY Weekly Outlook - Jun 16, 2013

Written By : ForexAbode.com || 2013-06-16 00:00:00 GMT

British Pound-Japanese Yen (GBP/JPY) tried to move up initially but failed at 154.24 and fell sharply to 147.11 before closing for the week at 147.79. The failure of recovery below the psychological resistance of 155.00 and the continuous resistance near 5-day EMA is keeping the bearish sentiments intact for the currency pair.

GBP/JPY Weekly Outlook - Jun 09, 2013

Written By : ForexAbode.com || 2013-06-09 00:00:00 GMT

British Pound-Japanese Yen (GBP/JPY) does not only went down to 148.63 which we had indicated last weekend but touched a low of 148.20 before closing for the week at 151.77. On one side the strong fall and the break below the psychological 150.00 level brings the near-term bearish outlook in the picture but on the other side the quite strong support and the weekly close well above 150.00 keeps us neutral initially.

GBP/JPY And Resistances & Support Levels

Written By : forexabode || 2013-06-02 03:03:03 GMT

GBP/JPY has been an excellent example of 55-day EMA support. But while saying this we would also like to add that it is not only what catches the eyes but goes deeper than that.

GBP/JPY Weekly Outlook - Jun 02, 2013

Written By : ForexAbode.com || 2013-06-02 00:00:00 GMT

British Pound-Japanese Yen (GBP/JPY) remained in the sideways mode between 152.24 and 154.66 during the last week. The weekly closing was at 152.68.

GBP/JPY Weekly Outlook - May 26, 2013

Written By : ForexAbode.com || 2013-05-26 00:00:00 GMT

British Pound-Japanese Yen (GBP/JPY) could not break above 156.77 and after remaining in a sideways mode below it for 10 trading days, the pair broke below that range.

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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