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 - Nov 18, 2012

Written By : ForexAbode.com || 2012-11-18 00:00:00 GMT

GBP/JPY Outlook:    British Pound-Japanese Yen (GBP/JPY) went as low at 125.67 and found very strong support there i.e. just below the support of 125.96 mentioned by us during the last week.

GBP/JPY Weekly Outlook - Nov 11, 2012

Written By : ForexAbode.com || 2012-11-11 00:00:00 GMT

GBP/JPY Outlook:    British Pound-Japanese Yen (GBP/JPY) had tried to recover initially but failed before the psychological level of 130.00. In fact the failure came before retesting the previous 129.65 and the pair fell strongly from 129.61.

GBP/JPY Weekly Outlook - Oct 28, 2012

Written By : ForexAbode.com || 2012-10-28 00:00:00 GMT

GBP/JPY Outlook:   Previous Outlook of GBPJPY: British Pound-Japanese Yen (GBP/JPY) jumped up strongly after breaking over 128.20 as mentioned by us during last weekend and. The currency pair went as high as 129.65 before settling down and closing for the week at 128.48. The closing was above 5-day EMA support. The strong jump indicates the near-term bearish sentiments.

GBP/JPY Weekly Outlook - Oct 21, 2012

Written By : ForexAbode.com || 2012-10-21 00:00:00 GMT

GBP/JPY Outlook:    British Pound-Japanese Yen (GBP/JPY) did break the resistance of first 126.44 and then even 127.81 and went as high as 128.24 but failed to retest the previous 128.83 and fell. The currency pair broke the 5-day EMA support and went as low as 126.78 before closing for the week at 126.93. The failure to retest 128.83 and strong resistance much below that indicates that we can expect some more consolidation.

GBP/JPY Weekly Outlook - Oct 14, 2012

Written By : ForexAbode.com || 2012-10-14 00:00:00 GMT

GBP/JPY Outlook:    British Pound-Japanese Yen (GBP/JPY) fell very strongly last week and went as low as 124.75.

GBP/JPY Weekly Outlook - Oct 07, 2012

Written By : ForexAbode.com || 2012-10-07 00:00:00 GMT

GBP/JPY Outlook:   British Pound-Japanese Yen (GBP/JPY) did not break below the mentioned 125.35 level and t then moved exactly as we had mentioned during the last weekend. Call it a classic example of 55-day EMA support or the psychological supportive push 125.00 which restricted the downward move and took GBP/JPY to as high as 127.81 i.e. above the mentioned 127.63. The pair closed for the week at 126.94.

GBP/JPY Today - Outlook 2012/10/04

Written By : forexabode || 2012-10-03 23:16:55 GMT

The pattern GBP/JPY had seen during August 27th to September 5th has been in making once again. 55-day EMA support  had worked during the mentioned period and the currency pair had remained in tight range above that support.

GBP/JPY Weekly Outlook - Sep 30, 2012

Written By : ForexAbode.com || 2012-09-30 00:00:00 GMT

GBP/JPY Outlook:   The British Pound-Japanese Yen (GBP/JPY) had gone as low as 125.35 during the last week but the efforts of breaking below 55-day EMA support kept on failing and the currency pair stayed in volatile sideways mode during the later part of the week. The weekly closing was at 125.96, after the pair faced resistance just below the 22-day EMA.

GBP/JPY Weekly Outlook - Sep 09, 2012

Written By : ForexAbode.com || 2012-09-09 00:00:00 GMT

GBP/JPY Outlook:   The British Pound-Japanese Yen (GBP/JPY) broke over 125.52 and then went as high as 126.24 but found resistance there, which was below 126.46 mentioned by us 2 weeks back.

GBP/JPY Weekly Outlook - Aug 26, 2012

Written By : ForexAbode.com || 2012-08-26 00:00:00 GMT

GBP/JPY Outlook:   The British Pound-Japanese Yen (GBP/JPY) found the resistance in the resistance zone mentioned during last weekend and fell from 125.52. The low of the week was 124.08 and the currency pair closed for the week at 124.12.

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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