GBP/JPY Price Analysis: Pound recovery hits resistance at 211.45
The Pound (GBP) is trading higher against the Japanese Yen (JPY) on Monday, favoured by a moderate optimism amid news of a peace plan to end the war in Iran.
  • GBP/JPY picks up on risk appetite but remains capped below 211.45.
  • Hopes of a peace deal in Iran have triggered a moderate sentiment improvement.
  • Yen downside attempts remain limited, as intervention risks loom.

The Pound (GBP) is trading higher against the Japanese Yen (JPY) on Monday, favoured by a moderate optimism amid news of a peace plan to end the war in Iran. The pair, however, remains capped below the 211.45 resistance area so far, although technical indicators are popping up into bullish territory.

News that  Iran and the US have received the framework of a plan for a 45-day ceasefire that might end the hostilities immediately and reopen the Strait of Hormuz has been welcomed by the market. Investors have responded by selling safe-haven assets like the US Dollar for the benefit of riskier-perceived assets like the Pound.

Traders, however, are wary of placing significant Yen shorts, as the USD/JPY remains relatively close to the 160.00 level, a level which, according to market speculation, might unleash an intervention by Tokyo authorities.


Chart Analysis GBP/JPY


GBP/JPY shows a mildly bullish trend, after bouncing at 209.64 lows in late March, with the highest lows posted last week. A bullish engulfing candle in the daily chart might strengthen the case of a deeper correction if the pair closes the day beyond 211.45.

Technical indicators in the 4-hour chart show an improved momentum, with the Relative Strength Index (RSI) stabilizing just above the 50 mark and the Moving Average Convergence Divergence (MACD) line remaining in positive territory.

Price action suggests that we might be in the C-D leg of a Gartley pattern, targeting beyond the mentioned 211.45 resistance area to the area between the March 24 and 27 lows, at 212.30, and the 78.2% Fibonacci retracement of the late-March sell-off, at 212.55.

To the downside, immediate support is the April 2 low, at 212.35, ahead of the mentioned March 31 low, at 209.64.

(The technical analysis of this story was written with the help of an AI tool.)

Pound Sterling Price Today

The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the strongest against the US Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD -0.24% -0.31% -0.06% -0.19% -0.47% -0.50% -0.22%
EUR 0.24% -0.05% 0.15% 0.07% -0.24% -0.28% -0.01%
GBP 0.31% 0.05% 0.19% 0.09% -0.18% -0.23% 0.07%
JPY 0.06% -0.15% -0.19% -0.10% -0.41% -0.45% -0.17%
CAD 0.19% -0.07% -0.09% 0.10% -0.28% -0.32% -0.04%
AUD 0.47% 0.24% 0.18% 0.41% 0.28% -0.05% 0.24%
NZD 0.50% 0.28% 0.23% 0.45% 0.32% 0.05% 0.30%
CHF 0.22% 0.00% -0.07% 0.17% 0.04% -0.24% -0.30%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).

يعتمد أكثر من مليون مستخدم على FXStreet للحصول على بيانات سوقية لحظية، وأدوات رسوم بيانية، ورؤى خبراء، وأخبار الفوركس. يساعد تقويمهم الاقتصادي الشامل والندوات التعليمية عبر الويب المتداولين على البقاء على اطلاع واتخاذ قرارات محسوبة. لدى FXStreet فريق يضم حوالي 60 محترفًا موزعين بين مقر برشلونة ومناطق عالمية مختلفة.
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أسعار مباشرة

الاسم / الرمز
الرسم البياني
نسبة التغيير / السعر
GBPUSD
تغيير يوم واحد
+0%
0
EURUSD
تغيير يوم واحد
+0%
0
USDJPY
تغيير يوم واحد
+0%
0

كل شيء عن FOREX

استكشف المزيد من الأدوات
أكاديمية التداول
تصفح مجموعة واسعة من المقالات التعليمية التي تغطي استراتيجيات التداول ورؤى السوق والأساسيات المالية، كل ذلك في مكان واحد.
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الدورات
استكشف دورات التداول المنظمة المصممة لدعم نموك في كل مرحلة من مراحل رحلة التداول الخاصة بك.
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الندوة الإلكترونية
انضم إلى الندوات الإلكترونية المباشرة وحسب الطلب للحصول على رؤى السوق في الوقت الفعلي واستراتيجيات التداول من خبراء الصناعة.
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