Indicators
Indicators
Value
Direction
MACD(12,26,9)
0.295
Buy
RSI(14)
53.748
Neutral
STOCH(KDJ)(9,3,3)
63.519
Neutral
ATR(14)
0.878
High Vlolatility
CCI(14)
35.668
Neutral
Williams %R
36.153
Buy
TRIX(12,20)
0.022
Sell
StochRSI(14)
0.000
Oversold
Search
GBP/JPY
Add to Watchlist
216.430
-0.040-0.02%
TradingKey Chart
Time
1m
15m
30m
1h
4h
D
W
M
D
Today
-0.01%
5 Days
-0.19%
1 Month
+0.79%
6 Months
+2.64%
Year to Date
+2.50%
1 Year
+9.20%
Key Data Points
Opening Price
216.441Previous Closing Price
216.470Recent
Analysis
Pound Sterling retreats as Japanese Yen attracts modest buying
GBP/JPY trades on the back foot on Monday as the Japanese Yen (JPY) strengthens against its major peers. The Pound Sterling (GBP), meanwhile, lacks a fresh domestic catalyst as UK markets remain closed for the Summer Bank Holiday.
Fxstreet6 hours ago
British Pound edges higher despite delaying BoE rate hike expectations
GBP/USD inches higher after two days of losses, trading around 1.3600 during the Asian hours on Friday. However, the British Pound (GBP) may encounter headwinds as recent declines in Brent crude oil prices ease immediate inflation concerns.
FxstreetFri, Aug 28
GBP/JPY Price Forecast: Momentum cools as cross holds above key support
GBP/JPY trades broadly flat on Thursday after Wednesday’s modest pullback ended a four-day winning streak. At the time of writing, the cross trades around 216.45, with momentum indicators suggesting limited buying interest.
FxstreetThu, Aug 27
British Pound finds support near weekly low as fiscal woes and rate gap weigh on Yen
The GBP/JPY cross recovers a few pips from the vicinity of the weekly trough, though it lacks follow-through buying and trades around mid-216.00s during the early European session on Thursday.
FxstreetThu, Aug 27
GBP/JPY Price Forecast: Evening star threatens 216.00 support
The GBP/JPY failed to sustain the 217.00 breakout, reversing to the 216.50 area as traders faded the move, exacerbating the decline to current exchange rates. At the time of writing, the cross-pair exchanges hands with losses of 0.36%.
FxstreetWed, Aug 26
British Pound weakens against Japanese Yen amid hawkish BoJ prospects
The British Pound (GBP) is under pressure against the Japanese Yen (JPY) on Wednesday, trading 0.22% lower at around 216.85 during the European trading session.
FxstreetWed, Aug 26
Indicators
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.
Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.
Buy
Moving Average
Indicators
Value
Direction
MA5
216.637
Sell
MA10
216.468
Sell
MA20
215.336
Buy
MA50
215.866
Buy
MA100
214.988
Buy
MA200
212.763
Buy
GBP/JPY Trading Strategy
Intraday
Short Term
Trading Strategy
The downside prevails as long as 216.72 is resistance, with 216.10 and 215.94 as targets
Alternative scenario
above 216.72, look for 216.99 and 217.15.
Comment
The downside prevails as long as 216.72 is resistance, with 216.10 and 215.94 as targets
7 hours ago
Source: Trading Central(Reference Only)
More Details of GBP/JPY
The GBPJPY, also known as the “Sterling Yen,” is a currency pair that represents the British Pound (GBP) and the Japanese Yen (JPY). It is one of the many currency pairs traded in the foreign exchange (Forex) market. The GBPJPY is known for its volatility and is often favored by traders looking for high levels of liquidity and the potential for significant price movements. This pair is influenced by various factors, including economic indicators, political events, and interest rate differentials between the United Kingdom and Japan.
How do interest rates affect the GBPJPY?
The GBPJPY is considered volatile due to the differences in economic and monetary policies between the UK and Japan, as well as the high trading volume and liquidity in this pair. These factors can lead to rapid and significant price movements.
Can I trade GBPJPY around the clock?
Yes, the GBPJPY is part of the global foreign exchange market, which operates 24 hours a day, five days a week. However, trading volumes and liquidity can vary throughout the day. The most active trading hours for GBPJPY are when both the London and Tokyo sessions overlap, which typically provides the best liquidity and can lead to the most significant price movements.
Why is the GBPJPY considered a volatile currency pair
The GBPJPY is considered volatile due to the differences in economic and monetary policies between the UK and Japan, as well as the high trading volume and liquidity in this pair. These factors can lead to rapid and significant price movements.
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