In this GBPJPY analysis, we review the currency pair from technical and fundamental aspects. It also features trend examination, price forecasts, support and resistance levels, and trading signals.
We update this page regularly on Mondays to ensure you have the latest information by covering the price changes. That being said, this is a long-term technical analysis that will be valid for the whole trading week.
GBPJPY Analysis & Live Chart
GBPJPY Technical Analysis
FenzoFx—GBP/JPY formed a new higher high after it broke above the 195.0 resistance. However, the price has pulled back from 196.0 and is currently trading at approximately 194.7, nearing the 50-period simple moving average in the 2-hour time frame.
The market outlook remains bullish as long as the price stays above the 193.5 support. In this scenario, GBP/JPY will likely rise toward the next key resistance area at around 200.0.
Please note that the bearish outlook would be invalidated if GBP/JPY falls below the ascending trendline, which aligns with the 193.5 support. If this scenario unfolds, a new bearish wave could potentially form, targeting the 192.0 support.
The widget below calculates market trends using multiple indicators, such as moving averages and oscillators. It allows you to easily review market trends across various timeframes.
The larger the timeframe, the more accurate the signals tend to be. Integrating this widget into your strategy and considering our fundamental news can help you make well-informed decisions.
GBPJPY Support and Resistance Levels
Monitoring key support and resistance levels in Forex trading is crucial because they illuminate potential entry and exit points. Support levels indicate where a trading product may stop its downtrend and start to rise, acting as a floor, while resistance levels signal where it may stop growing and begin to fall, acting as a ceiling.
The table below demonstrates the key support and resistance levels for the GBPJPY currency pairs. Understanding these supply and demand zones can boost technical analysis and future price prediction.
| GBP/JPY Support and Resistance Levels | |||
|---|---|---|---|
| Support | 194.3 | 193.5 | 192.0 |
| Resistance | 195.0 | 196.0 | 200. |
GBPJPY Economic Calendar
Technical analysis aside, which is vital for triggering an order in the Forex market, economic news is the Fundamentals of price movements. We use reliable resources to investigate the latest financial updates before our analysts draw lines on the chart.
The table below lists the economic events for the GBPJPY currency pair, including all important and high-impact news relevant to the United Kingdom and Japan. Click on each event to expand it for more details.
This economic calendar is a widget from TradingView, a trustworthy financial news source.