GBP/JPY Price Forecast: Uptrend holds, eyes on 216.00, BoJ risks loom
The Pound Sterling advances versus the Japanese Yen on Tuesday, up by 0.24%, driven by traders’ optimism about a US-Iran deal, even though there are rumours that Iran has halted negotiations amid the Israel-Hezbollah conflict over the weekend.
  • GBP/JPY holds uptrend as buyers defend 215.00 support zone.
  • Break above 216.00 exposes YTD high at 216.60.
  • Drop below 215.00 targets 214.68 and key SMA confluence.

The Pound Sterling advances versus the Japanese Yen on Tuesday, up by 0.24%, driven by traders’ optimism about a US-Iran deal, even though there are rumours that Iran has halted negotiations amid the Israel-Hezbollah conflict over the weekend. The GBP/JPY trades at 215.34 after bouncing off daily lows of 214.74.

GBP/JPY Price Forecast: Technical outlook

From a technical standpoint, the GBP/JPY uptrend remains intact, but as the USD/JPY pair closes into the 160.00 area, the possibility of an intervention by the Bank of Japan (BoJ) increases.

If not for the BoJ, the GBP/JPY could resume its advance and test the 216.00 figure, followed by the yearly peak at 216.60 hit on April 30. A breach of the latter, and there’s nothing in the way for buyers to drive the cross-pair towards the 220.00 mark.

On the flip side, the first support for GBP/JPY is at 215.00. Once hurdled, the next stop would be the May 25 daily high turned support at 214.68, ahead of the confluence of the 20- and 50-day Simple Moving Averages (SMAs), each at 213.76/68, respectively.

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 Swiss Franc.

USD EUR GBP JPY CAD AUD NZD CHF
USD 0.04% -0.05% 0.19% -0.01% -0.28% 0.10% 0.15%
EUR -0.04% -0.09% 0.13% -0.07% -0.32% 0.07% 0.09%
GBP 0.05% 0.09% 0.22% 0.02% -0.19% 0.18% 0.15%
JPY -0.19% -0.13% -0.22% -0.20% -0.44% -0.08% -0.07%
CAD 0.01% 0.07% -0.02% 0.20% -0.25% 0.12% 0.12%
AUD 0.28% 0.32% 0.19% 0.44% 0.25% 0.36% 0.36%
NZD -0.10% -0.07% -0.18% 0.08% -0.12% -0.36% -0.01%
CHF -0.15% -0.09% -0.15% 0.07% -0.12% -0.36% 0.00%

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