About British Pound / Japanese Yen
The British Pound (GBP) vs. the Japanese Yen (JPY) is a highly volatile pair. JPY is often used as a funding currency of a trade because it’s historically a low yielding currency. Since UK is one of the larger economies in Europe, the GBPJPY pair can be considered as a proxy for worldwide economic health. On the other hand, this pair performs like a representer for market 'risk-off' moves as the carry trade gets reversed. As a result, GBPJPY is able to develop strong trends that exceed thousands of pips.
Related currencies
Lingrid | GBPJPY possible Pullback From Psychological LevelThe price perfectly fulfilled my last idea . FX:GBPJPY is testing the upper boundary of the resistance zone near the psychological 200.000 mark after a strong bullish impulse. Price is showing early signs of rejection from the red trendline and horizontal resistance, suggesting potential for a c
GBP/JPY Rising Within Ascending Channel – Target in SightGBP/JPY is currently moving within an ascending channel, where price action is forming higher highs and higher lows. This pattern indicates a steady uptrend.
At the moment, the pair is approaching the upper boundary (resistance line) of the channel. Based on the current momentum and structure, we e
GBPJPY Surges as Trade Tensions Weaken YenGBPJPY Surges as Trade Tensions Weaken Yen
GBPJPY remains firmly in a bullish trend, having broken through two key resistance levels.
The first breakout occurred at 196.80, followed by a decisive move above 198.75 on Monday, signaling accelerating bullish momentum.
On July 7, the White House iss
GBP/JPY At Selling Area , Can We Sell It Now To Get 150 Pips ?Here is my opinion on GBP/JPY , The price at daily res area that forced the price to go down very hard last time and now the price retesting it , i want to see a good bearish price action on 4H T.F To get A Confirmation to can sell and i feel safe , we can enter now a sell trade with small lot size
My View On GBP/JPYWhy I think the tops in
Elliott Wave Structure Completed
We’re now at the conclusion of a 5‑wave impulse (i→v) that tops off within wave (1), followed by an A‑B‑C corrective sequence. Wave C peaks right inside a major supply zone — classic exhaustion of bullish momentum.
Resistance & Trendlin
GBPJPY Breakout and Potential RetraceHey Traders, in the coming week we are monitoring GBPJPY for a buying opportunity around 196.600 zone, GBPJPY was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 196.600 support and resistance zone.
Tr
GBPJPY sitting at resistance – Is a drop to 193.360 likely?GBPJPY is sitting right at a key daily resistance zone. This is a level where it has struggled to break through and reversed strongly to the downside. So this makes it definitely one to monitor, especially if you’re eyeing potential short setups.
If we start seeing signs that the price is getting
Will GBPJPY uptrend continue??Price is at a crucial point where traders are beginning to watch what’s likely to happen next in the market. Is market likely to continue to trade higher? From the technical standpoint, if price continues to rise and break the 200.000 level we will look for a buy opportunity in this market.
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The value of the GBPJPY pair is quoted as 1 GBP per x JPY. For example, if the pair is trading at 1.50, it means it takes 1.5 JPY to buy 1 GBP.
GBPJPY is a minor currency pair, i.e. a popular pair that is not associated with USD. Such pairs are also called cross currency pairs.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade GBPJPY right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.