GBP/JPY Price Forecast: Ascending triangle puts YTD high in play
The Pound Sterling advances against the Japanese Yen on Monday, up 0.59% amid fears for a possible intervention by Japanese authorities in the foreign exchange markets. At the time of writing, the GBP/JPY trades at 214.78, bouncing off daily lows of 213.41.
  • GBP/JPY forms ascending triangle near yearly highs.
  • RSI clears 50, signaling bullish momentum is accelerating.
  • Break above 215.00 exposes 216.00 and 216.60 resistance.

The Pound Sterling advances against the Japanese Yen on Monday, up 0.59% amid fears for a possible intervention by Japanese authorities in the foreign exchange markets. At the time of writing, the GBP/JPY trades at 214.78, bouncing off daily lows of 213.41.

GBP/JPY Price Forecast: Technical Outlook

The cross-pair consolidates near the year highs, forming an ‘ascending triangle’, which could open the door for further upside. The GBP/JPY has reclaimed the 50-day Simple Moving Average (SMA) at 214.06, which has exacerbated the rally towards the current spot price of 215.00.

Momentum, as measured by the Relative Strength Index (RSI), turned bullish exponentially, clearing the 50-neutral level and heading toward the 55.00 mark. The path of least resistance is tilted to the upside, if not for the potential intervention.

The first resistance for GBP/JPY would be 215.00. A breach of the latter will expose the 215.40-215.50 area ahead of 216.00. Above this area, the next resistance is the year-to-date (YTD) high at 216.60.

Downwards, the first support is the 50-day SMA at 214.06. If breached, the next support would be the 213.00 mark ahead of the 100-day SMA at 212.83.

GBP/JPY Price Chart – Daily

GBP/JPY daily chart

Japanese Yen Price Today

The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the strongest against the Canadian Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD -0.33% -0.41% 0.10% 0.11% 0.11% -0.27% -0.31%
EUR 0.33% -0.11% 0.46% 0.46% 0.47% 0.10% 0.05%
GBP 0.41% 0.11% 0.51% 0.52% 0.52% 0.15% 0.19%
JPY -0.10% -0.46% -0.51% 0.00% -0.00% -0.32% -0.41%
CAD -0.11% -0.46% -0.52% -0.01% 0.00% -0.32% -0.44%
AUD -0.11% -0.47% -0.52% 0.00% -0.00% -0.37% -0.34%
NZD 0.27% -0.10% -0.15% 0.32% 0.32% 0.37% -0.03%
CHF 0.31% -0.05% -0.19% 0.41% 0.44% 0.34% 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).

超过一百万用户依赖 FXStreet 获取实时市场数据、图表工具、专家洞见和外汇新闻。其全面的经济日历和教育网络研讨会帮助交易者保持信息领先、做出审慎决策。FXStreet 拥有约 60 人的团队,分布在巴塞罗那总部及全球各地区。
阅读更多

实时报价

名称 / 代码
图表
涨跌幅 / 价格
GBPUSD
1日涨跌幅
+0%
0
EURUSD
1日涨跌幅
+0%
0
USDJPY
1日涨跌幅
+0%
0

关于 FOREX 的一切

探索更多工具
交易学院
浏览涵盖交易策略、市场洞察和金融基础知识的广泛教育文章,一站式学习。
了解更多
课程
探索结构化的交易课程,旨在支持您在交易旅程的每个阶段的成长。
了解更多
网络研讨会
参加现场和点播网络研讨会,从行业专家那里获得实时市场洞察和交易策略。
了解更多