GBP/JPY

The GBP/JPY is the currency pair encompassing the British pound of the United Kingdom (symbol £, code GBP), and the Japanese yen of Japan (symbol ¥, code JPY). The pair’s rate indicates how many Japanese yen are needed in order to purchase one British pound. For example, when the GBP/JPY is trading at 165.00, it means 1 British pound is equivalent to 165 Japanese yen. The British pound (GBP) is the world’s fourth most traded currency, whilst the Japanese yen is the world’s third most traded currency, resulting in a very liquid and popular currency pair. GBP/JPY Prized for its Versatility Among TradersThe GBP/JPY often stays within the 1 pip to 4 pip spread range on most forex brokers. This coupled with its consistently high range and volatility makes it a great candidate for both medium term and long-term trading, although it is also very popular with scalpers. The GBP/JPY is one of the most widely traded forex pairs. A lot of traders actually prefer it to the major pairs, because of the potential it provides. It’s popular with both technical and fundamental traders. The pair’s range easily surpasses a hundred pips on most days.Seasoned news traders also love this pair, since it reacts more vigorously to economic reports and news releases compared with most of the other pairs which possess similar spreads.However, high spreads and whipsaws can be a problem during the really high impact releases.When it comes to technical trading on the GBP/JPY, the classical tried and trusted technical analysis tools and patterns are still the number one weapon of choice. Despite the almost exponential increase in the number of indicators and scripts available in recent years, perhaps with a few exceptions, they simply don’t provide the consistent level of insight a trader needs.Additionally, trading the GBP/JPY gives you exposure to some of the most important economies in the world. Designated as a safe haven currency by investors, the JPY garners popularity in times of volatility or turmoil.By extension, the GBP has remained a paramount currency, despite the recent fallout wrought by Brexit negotiations with the European Union. As such, the currency pair has been highly subject to these discussions, with no resolution presently in sight.
The GBP/JPY is the currency pair encompassing the British pound of the United Kingdom (symbol £, code GBP), and the Japanese yen of Japan (symbol ¥, code JPY). The pair’s rate indicates how many Japanese yen are needed in order to purchase one British pound. For example, when the GBP/JPY is trading at 165.00, it means 1 British pound is equivalent to 165 Japanese yen. The British pound (GBP) is the world’s fourth most traded currency, whilst the Japanese yen is the world’s third most traded currency, resulting in a very liquid and popular currency pair. GBP/JPY Prized for its Versatility Among TradersThe GBP/JPY often stays within the 1 pip to 4 pip spread range on most forex brokers. This coupled with its consistently high range and volatility makes it a great candidate for both medium term and long-term trading, although it is also very popular with scalpers. The GBP/JPY is one of the most widely traded forex pairs. A lot of traders actually prefer it to the major pairs, because of the potential it provides. It’s popular with both technical and fundamental traders. The pair’s range easily surpasses a hundred pips on most days.Seasoned news traders also love this pair, since it reacts more vigorously to economic reports and news releases compared with most of the other pairs which possess similar spreads.However, high spreads and whipsaws can be a problem during the really high impact releases.When it comes to technical trading on the GBP/JPY, the classical tried and trusted technical analysis tools and patterns are still the number one weapon of choice. Despite the almost exponential increase in the number of indicators and scripts available in recent years, perhaps with a few exceptions, they simply don’t provide the consistent level of insight a trader needs.Additionally, trading the GBP/JPY gives you exposure to some of the most important economies in the world. Designated as a safe haven currency by investors, the JPY garners popularity in times of volatility or turmoil.By extension, the GBP has remained a paramount currency, despite the recent fallout wrought by Brexit negotiations with the European Union. As such, the currency pair has been highly subject to these discussions, with no resolution presently in sight.

The GBP/JPY is the currency pair encompassing the British pound of the United Kingdom (symbol £, code GBP), and the Japanese yen of Japan (symbol ¥, code JPY).

The pair’s rate indicates how many Japanese yen are needed in order to purchase one British pound. For example, when the GBP/JPY is trading at 165.00, it means 1 British pound is equivalent to 165 Japanese yen.

The British pound (GBP) is the world’s fourth most traded currency, whilst the Japanese yen is the world’s third most traded currency, resulting in a very liquid and popular currency pair.

GBP/JPY Prized for its Versatility Among Traders

The GBP/JPY often stays within the 1 pip to 4 pip spread range on most forex brokers.

This coupled with its consistently high range and volatility makes it a great candidate for both medium term and long-term trading, although it is also very popular with scalpers.

The GBP/JPY is one of the most widely traded forex pairs. A lot of traders actually prefer it to the major pairs, because of the potential it provides.

It’s popular with both technical and fundamental traders. The pair’s range easily surpasses a hundred pips on most days.

Seasoned news traders also love this pair, since it reacts more vigorously to economic reports and news releases compared with most of the other pairs which possess similar spreads.

However, high spreads and whipsaws can be a problem during the really high impact releases.

When it comes to technical trading on the GBP/JPY, the classical tried and trusted technical analysis tools and patterns are still the number one weapon of choice.

Despite the almost exponential increase in the number of indicators and scripts available in recent years, perhaps with a few exceptions, they simply don’t provide the consistent level of insight a trader needs.

Additionally, trading the GBP/JPY gives you exposure to some of the most important economies in the world.

Designated as a safe haven currency by investors, the JPY garners popularity in times of volatility or turmoil.

By extension, the GBP has remained a paramount currency, despite the recent fallout wrought by Brexit negotiations with the European Union.

As such, the currency pair has been highly subject to these discussions, with no resolution presently in sight.

Technical Analysis

GBPJPY breaks lower and below hourly MAs

GBPJPY

GBPJPY breaks lower and below hourly MAs

  • Cracks below 200 and 100 hour MAs
Greg Michalowski
Greg Michalowski
Thursday, 18/08/2022 | 17:01 GMT-0
18/08/2022 | 17:01 GMT-0
Technical Analysis

GBPJPY falls to session lows and looks to test it's 100 hour MA

GBPJPY

GBPJPY falls to session lows and looks to test it's 100 hour MA

  • Highs stall ahead of the 200 hour MA today
Greg Michalowski
Greg Michalowski
Monday, 02/05/2022 | 18:42 GMT-0
02/05/2022 | 18:42 GMT-0
Technical Analysis

GBPUSD runs to swing area target and backs off

GBPUSD

GBPUSD runs to swing area target and backs off

  • GBPUSD swing lows from February 24 and March 2 stalled near 1.3271
Greg Michalowski
Greg Michalowski
Tuesday, 22/03/2022 | 14:25 GMT-0
22/03/2022 | 14:25 GMT-0
Technical Analysis

GBPJPY trades to the highest level since June 2016

GBPJPY

GBPJPY trades to the highest level since June 2016

  • Test the 50% midpoint of a long term range
Greg Michalowski
Greg Michalowski
Tuesday, 22/03/2022 | 14:04 GMT-0
22/03/2022 | 14:04 GMT-0
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