GBPJPY=X - GBP/JPY
| Previous close | 146.449 |
| Open | 146.441 |
| Bid | N/A |
| Day's range | 145.381 - 145.417 |
| 52-week range | 145.38094 - 145.41748 |
| Ask | N/A |
- FX Empire•15 hours ago
GBP/JPY Price Forecast – the Dragon falls on risk aversion
During the session on Monday, traders came back to a lot of fear, dropping right away during the Asian session, before bouncing only to turn around and sell off as the Europeans took over again.
- MarketWatch•yesterday
Haven currencies bounce higher as trade row keeps grip on markets
Haven currencies, including the Japanese yen and Swiss franc, inched higher in muted trading Monday, as the trade row between the U.S. and China remained in focus. Trade tensions have been on the rise, with China vowing to retaliate against a U.S. round of tariffs by slapping duties on American export products, including crude oil, and suspending all previous trade agreements with President Donald Trump’s administration. Uncertainty over future relations between the two trade giants saw investors drop risky emerging-market currencies and go for safer ones.
- FX Empire•4 days ago
GBP/JPY Weekly Price Forecast – British pound noisy against Japanese yen as trade fears dominate
The British pound went back and forth during the week, reaching towards the ¥147 level before pulling back. We have formed a bit of a neutral candle, and I think a lot of traders are concerned about potential trade wars between the United States and China. With the Americans adding more tariffs and the Chinese promising to retaliate, it’s very likely that this pair continues to be very noisy.
- FX Empire•4 days ago
GBP/JPY Price Forecast – British pound choppy against Japanese yen on Friday
The British pound has gone back and forth during the trading session on Friday, as we continue to see a lot of noise. The market is very risk sensitive, and as we see tariffs levied on China by the United States, and almost certainly a retaliatory move from the Chinese, it makes sense that there is a lot of concern in the financial markets.
FX Empire•4 days agoTechnical Update For GBP/USD, GBP/JPY & GBP/AUD: 15.06.2018
With two-month long downward slanting trend-line restricting the GBPJPY’s upside, the pair continues to signal the 146.20 support re-test unless clearing the 147.75 TL barrier. Meanwhile, pair’s successful break above 147.75 trend-line enables it to claim the 148.10 and the 148.70 resistances but the 200-day SMA level of 149.80, adjacent to 150.00 psychological-magnet, could disappoint the Bulls.
- FX Empire•5 days ago
GBP/JPY Price Forecast – market continues to consolidate overall
The British pound initially tried to rally during the day on Thursday but pulled back a little bit to test the ¥147.25 level. That is the short term support level that has been effective over the last several days, as we try to build up enough momentum to break out to the upside and continue to go higher.
- FX Empire•6 days ago
GBP/JPY Price Forecast – British pound falls slightly against Japanese yen on Wednesday
The British pound fell slightly during the trading session on Wednesday in anticipation of the FOMC meeting and the ECB meeting on Thursday. I believe that the market will continue to pay attention to risk appetite overall, and now that we have gotten through the summit between the Americans and the North Koreans, there is a collective sigh of relief.
- FX Empire•7 days ago
GBP/JPY Price Forecast – market rallies only to turn around
The British pound initially rallied during the trading session on Tuesday but found enough resistance near the ¥148 level to turn around and fall towards the ¥147 level. The market continues to press higher, and the question now is whether or not we have formed a bit of a “double top?”
- FX Empire•8 days ago
British pound rallies only to give back gains against yen
The British pound rallied significantly during the trading session on Monday but turned around as we got a bit of disappointment in the form of economic numbers out of the United Kingdom. The ¥148 level has offered resistance again, but as we are now stabilizing, it looks like the buyers may be coming back.
- FX Empire•8 days ago
Poor British Statistics Add Pressure on Sterling
Britain’s statistics continue to indicate a slowdown in the UK economy. Today’s data showed a decline in industrial production by 0.8% during April against a forecast growth of 0.1%.
- FX Empire•8 days ago
GBP/JPY Retracement Trend Line Breakouts for Uptrend Continuation
The GBP/JPY, so popular “Dragon” has been making obvious trend line breaks above the ascending trend line. This signifies both retracement-continuation pattern in uptrend (a for of zig-zag pattern). 147.05-40 is the POC zone and we could see another rejection should the price retrace again. A strong 1h momentum candle or 4h close above 148.11 should target 149.15. Have in mind that 149.15 is a weekly target and the final weekly resistance. If the price gets there before the end of the week, we might see even stronger uptrend.
- FX Empire•10 days ago
British pound rallies against Japanese yen begins by gains
The British pound rallied initially against the Japanese yen during the week but turned around to form a shooting star. The shooting star of course is a negative sign, but it is preceded by a massive hammer at the ¥145 level. Ultimately, this is a very supportive level and I think that the markets will continue to be one that we should pay attention to.
- FX Empire•10 days ago
British pound falls against Japanese yen on Friday
The British pound fell against the Japanese yen during the day on Friday, testing support near the ¥146 level. There is a significant cluster of noise in this area, and I think it will continue to be a bit supportive. When I look at the longer-term charts, we have conflicting views, and I think that it’s only a matter of time before we need to make some type of impulsive move to follow.
- FX Empire•12 days ago
British pound has noisy day against Japanese yen on Thursday
The British pound initially tried to rally during the day on Thursday, but then pulled back rather rapidly as they were shocked by the statement that the United Kingdom was going to leave the custom union when it leaves the EU. Because of that, it’s likely that we will continue to see a lot of noise, but we have recovered most of the losses since that announcement.
- FX Empire•13 days ago
British pound rallies against the Japanese yen
The British pound rallied a bit during the trading session on Wednesday, reaching towards the ¥148 level. Short-term pullbacks should offer buying opportunities, as the 50 SMA has been both support and resistance on the hourly chart.
- FX Empire•13 days ago
Technical Update For Important GBP Pairs: 06.06.2018
GBPUSD’s recovery from 1.3200 is presently being challenged by the resistance-line of an upward slanting trend-channel, at 1.3430, which in-turn signal brighter chances for the pair’s pullback to 1.3395. If prices decline below 1.3395, the resistance-turned-support line near 1.3350 may trigger the pair’s U-turn, failing to which can recall the 1.3300 mark, comprising channel-support. Given the sellers’ refrain to respect the 1.3300 support, the 1.3240 and the 1.3200 can come-back on the chart. Alternatively, successful clearance of 1. ...
- FX Empire•13 days ago
GBP climbs higher again. When to sell?
AUDUSD made a beautiful price action movement as it broke the horizontal resistance and then tested that as a support and drew a hammer candlestick. No surprise, that after this, the price surged. Now, we are below the long-term down trendline and we are waiting for, either a breakout or a bounce.
- FX Empire•14 days ago
British pound show signs of life against Japanese yen
The British pound rallied a bit during the trading session on Tuesday, as we continue to grind higher. I think that the 147 level is going to be difficult to overcome in the short term, but I do think it happens eventually. Once it does, I think the market will continue to grind towards the ¥150 level.
- FX Empire•14 days ago
GBP Tests Recent Supports as New Resistances
Everything is happening in a flag pattern. Cable is locked inside the flag and between the horizontal resistance on the 1.34 and the horizontal support on the 1.33. Here, we do have a double bottom formation along with the flag pattern.
- FX Empire•15 days ago
British pound continues to flex muscles against Japanese yen
The British pound rallied a bit during the trading session on Monday but gave back much of the gains. We are trying to break out of resistance, so I think that the market will eventually take out to the upside, perhaps reaching towards the ¥150 level if we can build up the necessary momentum.
- FX Empire•18 days ago
British pound find support against Japanese yen during the week
The British pound fell initially during the week but found significant support at the vital ¥145 level. While we have broken below and uptrend line as of late, this could signal a return to buying pressure. If that’s the case, we could be looking at consolidation going forward. Otherwise, a break down below the hammer of course is a very negative sign.
- FX Empire•18 days ago
British pound rallies against Japanese yen on volatile Friday
The British pound rallied significantly against the Japanese yen during the day on Friday as the jobs report came out of America. Beyond that, the market had been rallying in favor the British pound overall, so it makes sense that this pair would be especially sensitive to that.
- FX Empire•18 days ago
Technical Outlook For GBP/JPY, GBP/AUD & GBP/CAD: 01.06.2018
GBPJPY’s U-turn from 144.00-143.90 horizontal-support seems presently helping the pair to aim for 146.00, breaking which 146.80 and 147.00 could entertain the counter-trend traders before pleasing them with 147.40 and the 148.00 numbers to north.
- FX Empire•19 days ago
British pound rolls over against Japanese yen during tough Thursday session
The British pound did rally a bit during the trading session on Thursday, reaching towards the ¥145.50 level, but broke down below in reaction to fears coming out of the United States applying tariffs to the European Union, Mexico, and Canada. Fears of retaliation have put a bit of a “risk off” vibe into the marketplace.
- FX Empire•20 days ago
British pound rallies against Japanese yen into resistance
The British pound rallied against the Japanese yen during trading on Wednesday, reaching towards the ¥145 level before rolling over again at the 50 SMA on the hourly chart. This has been a strong move, but ultimately I think it shows that the sellers are about to come back in.
