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GBPJPY

(Last Updated February 24, 2021)

Hello! This is the news page for GBPJPY. Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:

Forex Calendar for GBPJPY

metric_name reference_period asset_name asset_id date time forecast outcome
United Kingdom BoE Monetary Policy Report Hearings NA British Pound GBP 2021-02-24 14:30 GMT
United Kingdom BoE Gov Bailey Testimony NA British Pound GBP 2021-02-24 14:30 GMT
Japan Retail Sales YoY Jan 2021 Japanese Yen JPY 2021-02-25 23:50 GMT -2.6%
Japan Industrial Production MoM Prel Jan 2021 Japanese Yen JPY 2021-02-25 23:50 GMT 4%
Japan Housing Starts YoY Jan 2021 Japanese Yen JPY 2021-02-26 05:00 GMT -2.5%

The Trend

If we observe the 90, 30 and 14 day timeframes, we see an uptrend in place for GBPJPY.

GBPJPY Moving Averages

The moving averages on GBPJPY indicate a trend that is clearly bullish.

Below is a chart showing GBPJPY’s price with its moving averages.

Regarding GBPJPY’s correlations over the past 7 days, it has demonstrated the strongest correlation with GBPCAD. Over the past 14 days, however, the asset showing the strongest correlation to GBPJPY is EURGBP. Alternatively, GBPNZD has been the asset least correlated with GBPJPY — but if we observe the prior two weeks, CHFJPY has been the asset least correlated with GBPJPY. The chart below illustrates GBPJPY against its least correlated assets.

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The View From the Weekly Timeframe

At the time of this writing, GBPJPY’s rate is up 102.02 pips (0.69%) from the week prior. GBPJPY has seen its price go up 9 out of the past 10 weeks, thus creating some compelling opportunities for bulls. As for the trend on the weekly timeframe, we see the clearest trend on the 5 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. GBPJPY’s weekly price action over the past 52 weeks can be seen via the chart below.

GBPJPY: The Monthly View

Monthly view favors rangebound strategies. No clear trend on the 24, 60 and 120 month timeframes.

GBPJPY Down 3 Pips On Hourly Chart, Came Into Today Up For the 3rd Day In A Row; in an Uptrend Over Past 30 Days

Categories Forex News Tags GBPJPY
February 16, 2021February 15, 2021

Price action traders may also wish to note that we see a pin bar candlestick pattern on gbpjpy.

GBPJPY Down 1 Pips On Hourly Chart, Moves Up For the 2nd Straight Day; in an Uptrend Over Past 90 Days

Categories Forex News Tags GBPJPY
February 15, 2021February 12, 2021

Price action traders may also wish to note that we see a pin bar candlestick pattern on gbpjpy.

GBPJPY Up 14 Pips Over Past Hour, in an Uptrend Over Past 90 Days; Doji Pattern Appearing on Chart

Categories Forex News Tags GBPJPY
February 12, 2021February 11, 2021

Relative to other instruments in the forex asset class, gbpjpy ranked 27th the day prior in terms of percentage price change.

GBPJPY Up 1 Pips On Hourly Chart, Entered Today Down For the 2nd Consecutive Day; in an Uptrend Over Past 14 Days

Categories Forex News Tags GBPJPY
February 11, 2021February 10, 2021

And for candlestick traders, a special treat: there are doji and pin bar patterns showing up on the charts as well.

GBPJPY Up 3 Pips Over Past Hour, 3 Day Up Streak Broken; in an Uptrend Over Past 90 Days

Categories Forex News Tags GBPJPY
February 10, 2021February 9, 2021

For additional context, note that price has gone up 19 out of the past 30 days.

GBPJPY Down 6 Pips Over Past Hour, 3 Day Up Streak Broken; in an Uptrend Over Past 14 Days

Categories Forex News Tags GBPJPY
February 9, 2021February 5, 2021

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.

GBPJPY Down 4 Pips Over Past Hour, Makes Big Move Relative to Two Week Trend; in an Uptrend Over Past 90 Days

Categories Forex News Tags GBPJPY
February 5, 2021February 4, 2021

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.

GBPJPY Down 4 Pips On Hourly Chart, Entered Today Up For the 2nd Day In A Row; in an Uptrend Over Past 14 Days

Categories Forex News Tags GBPJPY
February 3, 2021February 3, 2021

For additional context, note that price has gone up 19 out of the past 30 days.

GBPJPY Down 1 Pips On Hourly Chart, Moves Up For the 2nd Day In A Row; in an Uptrend Over Past 14 Days

Categories Forex News Tags GBPJPY
February 3, 2021February 1, 2021

Relative to other instruments in the forex asset class, gbpjpy ranked 16th the day prior in terms of percentage price change.

GBPJPY Up 10 Pips On Hourly Chart, 4 Day Up Streak Ended; Doji Pattern Appearing on Chart

Categories Forex News Tags GBPJPY
February 1, 2021January 29, 2021

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.

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