GBP/JPY Price Forecast: Struggles at 217.00, recoils towards 216.50
The GBP/JPY reverses course on Tuesday, loses 0.24% as the Japanese Yen recovered some ground against most G8 FX currencies, except for the US Dollar. At the time of writing, the cross-pair trades at 216.51 after reaching a multi-year high of 217.22.
  • GBP/JPY slips below prior YTD peak after false breakout.
  • Break above 217.22 exposes 218.00 and 220.00 resistance.
  • Drop below 215.33 targets 215.00 and 50-day SMA.

The GBP/JPY reverses course on Tuesday, loses 0.24% as the Japanese Yen recovered some ground against most G8 FX currencies, except for the US Dollar. At the time of writing, the cross-pair trades at 216.51 after reaching a multi-year high of 217.22.

GBP/JPY Price Forecast: Technical outlook

The bullish bias remains intact as the GBP/JPY printed a year-to-date (YTD) high at 217.22, which could open the door for further upside. However, it was a false breakout, as the cross pair tumbled below the previous YTD peak at 216.46, opening the door for a test of 216.00. Fears of a possible Bank of Japan (BoJ) intervention in the foreign exchange markets could prompt traders to book profits.

For a bullish continuation, buyers must clear the 217.00 figure, followed by the high of the day (HOD) fof 217.22 ‒ also the high of the year, which clears the way to challenge 218.00. On further strength, the next area of interest would be the 220.00 milestone.

On further weakness, the GBP/JPY first support would be the July 6 low at 215.33, followed by 215.00. Below this level, the next support would be the 50-day Simple Moving Average (SMA) at 214.11, followed by the 100-day SMA at 213.26.

GBP/JPY Price Chart ‒ Daily

GBP/JPY daily chart

Japanese Yen Price This week

The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies this week. Japanese Yen was the strongest against the Swiss Franc.

USD EUR GBP JPY CAD AUD NZD CHF
USD 0.29% -0.07% 0.52% 0.01% 0.15% 0.61% 0.61%
EUR -0.29% -0.37% 0.24% -0.30% -0.09% 0.26% 0.29%
GBP 0.07% 0.37% 0.50% 0.08% 0.30% 0.64% 0.68%
JPY -0.52% -0.24% -0.50% -0.54% -0.25% 0.09% 0.10%
CAD -0.01% 0.30% -0.08% 0.54% 0.28% 0.65% 0.59%
AUD -0.15% 0.09% -0.30% 0.25% -0.28% 0.34% 0.39%
NZD -0.61% -0.26% -0.64% -0.09% -0.65% -0.34% 0.03%
CHF -0.61% -0.29% -0.68% -0.10% -0.59% -0.39% -0.03%

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 Japanese Yen from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent JPY (base)/USD (quote).

超過一百萬用戶依賴 FXStreet 獲取即時市場數據、圖表工具、專家洞見與外匯新聞。其全面的經濟日曆與教育網路研討會協助交易者保持資訊領先、做出審慎決策。FXStreet 擁有約 60 人的團隊,分布於巴塞隆納總部及全球各地。
閱讀更多

實時報價

名稱 / 代碼
圖表
漲跌幅 / 價格
GBPUSD
1日漲跌幅
+0%
0
EURUSD
1日漲跌幅
+0%
0
USDJPY
1日漲跌幅
+0%
0

關於 FOREX 的一切

探索更多工具
交易學院
瀏覽涵蓋交易策略、市場洞察和金融基礎知識的廣泛教育文章,一站式學習。
瞭解更多
課程
探索結構化的交易課程,旨在支持您在交易旅程的每個階段的成長。
瞭解更多
網絡研討會
參加現場和點播網絡研討會,從行業專家那裡獲得實時市場洞察和交易策略。
瞭解更多