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 trades slightly above the 50-period simple moving average at approximately 188.4. The primary trend should be considered bearish as long as the price remains below the 50.0% Fibonacci resistance level.
Furthermore, the Stochastic Oscillator hovers in the overbought territory, indicating that the British Pound is overpriced against the Japanese Yen in the short term.
From a technical perspective, the downtrend will likely resume if GBP/JPY closes and stabilizes below the immediate support level at 187.6. In this scenario, the next bearish target could be the 186.0 mark.
The Bullish Scenario
The immediate resistance is at the 50.0% Fibonacci retracement around 190.2. A new bullish wave will likely begin if bulls close and stabilize above this resistance.
If this unfolds, the current uptick in momentum could extend to the 192.0 resistance level.
GBPJPY Support and Resistance Levels
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.
| Support | 187.0 | 184.4 | |
| Resistance | 190.2 | 192.0 | 195.0 |
Market Trends Through Technical Indicators
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 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.
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