The pound to Japanese yen (GBP JPY) pair is a cross rate where the pound is considered the base currency and the Japanese yen is the quoted currency. As of today (June 2021), the rate is 136.84, which means that 1 pound sterling is worth 136.84 Japanese yen.
The GBP JPY pair is popular among Forex traders due to its high volatility. According to investing.com, the average volatility of the pair by the middle of 2021 decreased by about 30% - to 87 points per day, while at the beginning of 2021 the volatility exceeded 134 points per day.
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According to the Pound-Yen on the weekly chart, as they say, a classic of the genre. A fairly clear ascending channel has been formed, towards the lower border of which the price dropped. Last week another attempt was made to break through it, but it was unsuccessful. As a result, only a shadow remained on the weekly candle below. The growth of the pair still looks logical and the nearest target is the middle of figure 187 (test of the moving average). We'll see next...
At the end of the trading week, the pound/enna pair drew a double top at the level of 184.74. According to the technique, there should be a rollback, but on the way there is a strong level - 184.05, if the price copes with it, the rollback may be in the area of Friday's pivot - 183.62, 183.51, otherwise growth will continue with the probability of breaking through the resistance - 184.74.
At the end of the trading week, the pound/enna pair drew a double top at the level of 184.74. According to the technique, there should be a rollback, but on the way there is a strong level - 184.05, if the price copes with it, the rollback may be in the area of Friday's pivot - 183.62, 183.51, otherwise growth will continue with the probability of breaking through the resistance - 184.74.
Attached:
Hello. I will not substantiate my forecast, but I am sure that the pair will definitely reach figure 186, and, most likely, will continue to grow. But over the coming week it may well drop to the 183 figure area. There will likely be a small southern gap at the opening. Therefore, there are two buy orders at the opening. The first with a target of 186. The second is 189. Stop loss at the level of 181.90.
Hello. I will not substantiate my forecast, but I am sure that the pair will definitely reach figure 186, and, most likely, will continue to grow. But over the coming week it may well drop to the 183 figure area. There will likely be a small southern gap at the opening. Therefore, there are two buy orders at the opening. The first with a target of 186. The second is 189. Stop loss at the level of 181.90.
this market may begin to grow, we did not have a breakout in the medium-term trend, which means that the movement is still upward and at a shorter interval a triangle has formed, the border of which is at the level of 184.20, that is, in fact, the breakout is still developing, but you can already go long a little. the pair's goals so far are 186.80
Using patterns in trading
Working with the stock exchange has always been, in fact, the most unpredictable activity. Changes tracked by technical indicators are a consequence of price movements. Technical analysis implies that all significant factors influencing the market are already included in price changes, which means there is no need to monitor anything other than price.
Working with indicators, it is undoubtedly possible to identify a certain pattern in market behavior, but forecasts close to at least 90% accuracy are out of the question. Patterns are the same indicators, but tied to Japanese candlesticks. When receiving a signal from patterns, you can open positions or enter already open ones, but not contrary to a powerful trend.
PaintBar is a technical pattern that stands out clearly on the chart in the form of a candle with a small body and a large tail. Ideally, the body should be less than 30% of the size of the entire candle, and the tail should stand out in only one direction. If the tail is clearly double-sided, it is no longer a paintbar.
Absorption is a technical analysis figure that represents two differently directed candles, with the candle that formed later “absorbing” the other.
An example of a bullish engulfing is a ready-made buy signal.
An example of a bearish engulfing signal is a sell signal. The graph shows absorption, as well as the formed evening star pattern.
The morning and evening stars are a figurative pattern made up of three candles. The direction of the first is set by the trend, the second is a dodge, and the third is formed in the opposite direction to the first. In this case, the last candle should be more than 50% of the size of the first.
Let's look at the graph and remember what the morning star looks like.
And this is how the “evening” figure is formed.
GBP JPY forecast (online) for today
The GBP/JPY forecast is updated regularly, keep an eye on the date.
The GBP JPY forecast is based on 20 indicators, each forecast is based on a separate timeframe. The strongest signal is Active Buy
or
Actively sell
.
We recommend
avoiding other weaker values.
Factors influencing GBP JPY and what the rate depends on
The currency pair market is active in almost all trading sessions. A sharp change in the general trend can be caused by sudden and important news from European countries or East Asia. However, the behavior of the quote is influenced to some extent by news from the USA
and
Canada
, due to the latter's strong economic ties with
Japan
.
The monetary policy of the Japanese and British authorities shapes the dynamics of the GBP/JPY
in the near future. The British pound is generally considered a more valuable currency because the Bank of Great Britain's financial policies are extremely tight among other EU states. In turn, Japan suffers from many years of deflation and is actively fighting it.
- The Japanese authorities are keeping the key rate almost at zero. In addition, Japan pursues a policy of currency intervention. The fall in the yen against world reserve currencies should support national exporters.
The market rate of GBP JPY is highly dependent on fundamental and news factors. A striking example is the influence on the financial policy instrument of the Central Bank of Japan and the UK regulator.
In general, the couple reacts strongly to the macroeconomic and political situation in these island states. A noticeable correlation can be seen between the pound/yen and the euro/yen.
How to best trade GBP JPY
First of all, it should be noted that the big advantages of the currency pair in question are the relatively small spread
, high volatility and the ability to carry out a large number of trading operations.
The noticeable turnover of the pound and the yen allows you to work with the exchange rate based on technical analysis methods. Using technical and mathematical indicators, a trader can completely eliminate emotions from his work, which will certainly have a positive impact on the overall result.
When building a working GBP/JPY , you must strictly limit your risks. This is done as follows:
- Feet. When working with GBPJPY, experienced market participants always use stops that are empirically adjusted to wide fluctuations in the rate within a day or week. By limiting losses, the investor protects his capital from too large losses.
- Trading with a minimum position. By entering the market with the minimum possible position, the investor avoids the strong psychological pressure associated with wide market movements. Thus, it is easier to follow the chosen trading strategy and trade without worrying about “ what if?”
"
The significant volatility of pound/yen quotes makes it possible to use a trend approach when working with this asset. This trading plan involves entering a long position when the price is actively rising, which overcomes the nearest maximum. A short is entered if the asset falls below a support level. The trader must determine the time interval himself, based on his own convenience.
Which currency pairs do you prefer to work with?
Example of news trading for GBP JPY
In order to get maximum profit in a short time, it is better and more profitable to use options. Here it does not matter how much the price will fall or rise, and the profit is known in advance and is always fixed. Let's go in order.
We opened this page and selected the GBP/JPY
:
Indicate the expiration date for the transaction 12:35
(
in 7 minutes
):
We analyzed the current situation and decided that the quote will continue to grow in the next 7 minutes, so the main condition of the deal will be an UP
:
If after 7 minutes, at the time the option is closed, the GBP/JPY rate is higher than at the time of purchase, that is, our UP condition is fulfilled, then we will receive 73% profit.
Please note that it does not matter to us how much the price goes up, whether it is 500 points or one, it is important that it be higher from the moment the option was purchased.
7 minutes have passed and look at the rate chart and transaction results:
The price continued to rise, and we received 73% profit
from the investment amount.
Features of the currency pair
It has already been mentioned that the prevalence of the pound/yen instrument among traders was formed due to the wide spread of prices within short time periods. Due to their tendency to strong and rapid movements, experienced foreign exchange market players in their jargon call this pair “ dragon”
».
The riskiness of the “dragon” is confirmed by the following statistics. With GBP/JPY, short-term and swing players earn an average of 52 pips when they hit the trend. Losses, as a rule, do not exceed 120 pips in a sideways trend until the trend has formed or gives false entry signals.
With such trading dynamics, the English-Japanese pair shows extremely low returns in relation to its risk.
When developing a large number of transactions, the investor must carry out more than 70% of transactions with a profit in order for the overall dynamics to remain positive. It’s another matter if this concerns binary options, we showed an example above. The difference is that for the latter, the level of price change does not matter; in our example, the price increased by only 9 points, but this was already enough to earn 77% of the profit. If we opened this trade on Forex, then most likely we would be at a loss, since a 9-point increase there would take away the spread.
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ratings, average:
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). Please rate us, we tried very hard!
Education in the banking sector, trader for more than 7 years, author of many articles. Financial markets touch all the goods and services we use every day, and avoiding them would be a mistake. A smart approach to trading and investing always pays off.
Advantages and disadvantages
Of course, any trading method has both strengths and weaknesses, and indicator-less systems are no exception. The advantages include the following:
- Entry points are almost always detected without any problems;
- There is no need to constantly monitor the terminal;
- More often than not, there is a long-term income prospect;
- No need to conduct complex market analysis.
- But, as mentioned earlier, there are also disadvantages:
- The level of stability of such vehicles is relatively low;
- Considerable individual risk of individual transactions.
If you want to try indicatorless trading of currencies/commodities or binary options, then learn the techniques outlined here and you will have no problem achieving impressive results in the market. We will consider patterns with currency assets GBP and JPY in real conditions.
GBP/JPY Online Chart
14.03.2021 – GBP/JPY is trading higher today from yesterday’s closing price. The British Pound – Japanese Yen exchange rate increased by 0.61% to 151.8400 from the previous trading session. Yesterday the GBP/JPY rate increased by 0.76% or 1.14 (114 points) to 150.91.
Historical data : the maximum GBP/JPY rate was 864.7700 in 1971, the minimum rate was 116.8500 in 2011. The pair’s greatest growth was 11.54% in November 2021, and the largest decline was 16.29% in October 2008.
Reasons for the popularity of the strategy for the GBR/JPY currency pair
Let's figure out why this system has so many followers?
The first thing that many people like is variability, which means unpredictability. And the unpredictability, in turn, makes trading using this technique interesting. Take, for example, the fact that the volatility of this particular asset often rises to the seventh level, which can be the key to high income for a competent and skillful trader. Indeed, thanks to increased volatility, the range of fluctuations of this asset expands to 150-200 points.
Secondly, this is one of the strategies that almost never loses its relevance and liquidity. And this makes it possible to successfully combine it with other financial instruments, reacting to any market changes with a considerable degree of adaptability.
Another significant advantage of this TS is its versatility, which allows you to work with it on many different platforms, including options.
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Alibur3 (07/16/2017), urrydan (03/03/2020)
this market may begin to grow, we did not have a breakout in the medium-term trend, which means that the movement is still upward and at a shorter interval a triangle has formed, the border of which is at the level of 184.20, that is, in fact, the breakout is still developing, but you can already go long a little. the pair's goals so far are 186.80
Judging by the hour, it is better to sit on the fence for now, since there is uncertainty regarding the pair and movement in both directions is possible. The beginning of the formation of the reversal graphical model “2B” indicates in favor of the bears, but to begin its implementation it is necessary to consolidate below 184.01 (the minimum of the candle that broke through the last maximum). Signs of the north are not yet visible, but there may well be a prolonged flat
“THE FUTURE IS JUST A REPEAT OF THE PAST.” – WDGANN
Recommended brokers for trading and investing in the pound yen pair
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Traders trade no less successfully with other recommended brokers: FxPro and the Swiss Dukascopy Bank SA and Swissquote Bank SA..
GBP/JPY – Technical Analysis
sale42.5380–
19.3540neutral
48.8140purchase
57.7850purchase
68.0940purchase
66.3460MACD(12.26)sell
-0.1200sale
-0.1000purchase
0.0800purchase
1.5600purchase
2.9600purchase
0.5200ADX(14)sale
27.6900sale
20.5710sale
27.2510purchase
64.4750purchase
59.9100purchase
32.4550CCI(14)sale
-71.0026sale
-99.8479sale
-113.6122purchase
57.8425purchase
155.8081purchase
182.3141Highs/Lows(14)sale
-0.0686sale
-0.2093sale
-0.0332neutral
0.0000purchase
4.4711purchase
6.6286Ultimate Oscillatorsale
46.2650sale
37.9360sale
48.5210purchase
52.6170purchase
64.8930purchase
59.2220Bull/Bear Power(13)sale
-0.1900sale
-0.3400sale
-0.7690purchase
1.5050purchase
9.7390purchase
14.8910Sales876000Purchases001788Totalsalesalesalepurchasepurchasepurchase
Popular couples
| Tool | Bid | Ask | Opening price | Changing pips | Change % | Time |
| AUD/USD | 0.74041 | 0.74058 | 0.73424 | +0.00617 | +0.833% | 05:54:05 |
| EUR/CAD | 1.53842 | 1.53849 | 1.5149 | +0.02352 | +1.529% | 05:54:06 |
| EUR/CHF | 1.16392 | 1.16418 | 0 | +1.16392 | 0% | 18:08:22 |
| EUR/GBP | 0.88482 | 0.88485 | 0.90563 | -0.02081 | -2.352% | 05:54:07 |
| EUR/JPY | 130.464 | 130.482 | 129.605 | +0.859 | +0.658% | 05:54:08 |
| EUR/RUB | 72.4856 | 72.5124 | 78.1597 | -5.6741 | -7.828% | 05:54:09 |
| EUR/USD | 1.17248 | 1.1725 | 1.16452 | +0.00796 | +0.679% | 05:54:09 |
| GBP/CHF | 1.31541 | 1.3158 | 0 | +1.31541 | 0% | 18:08:22 |
| GBP/JPY | 147.456 | 147.458 | 143.104 | +4.352 | +2.951% | 05:54:10 |
| GBP/USD | 1.32507 | 1.32511 | 1.28586 | +0.03921 | +2.959% | 05:54:10 |
| NZD/USD | 0.67931 | 0.67966 | 0.67 | +0.00931 | +1.371% | 05:54:11 |
| USD/CAD | 1.31218 | 1.31223 | 1.30092 | +0.01126 | +0.858% | 05:54:12 |
| USD/JPY | 111.277 | 111.278 | 111.271 | +0.006 | +0.005% | 05:54:13 |
| USD/RUB | 61.8327 | 61.8377 | 67.1275 | -5.2948 | -8.563% | 05:54:13 |
The latest changes in the quote of the GBP/JPY currency pair on the Forex market are presented on the Analytics Online website.
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