If you’re a forex trader, then the GBPJPY pair is definitely one to watch. The pair has been on a downtrend lately, and there are good reasons to believe that it will continue to fall in value. Here’s why you should keep your eye on this currency pair…
Updated GBPJPY Charts (12 May 2022)
For forex traders, the GBPJPY pair is one to watch. The pair has been on a downward trend for some time, and many believe that it will continue to fall in the coming days. There are several reasons for this. Firstly, the UK economy is struggling, while the Japanese economy is relatively strong.
This means that there are more reasons to sell the Pound than to buy it. Secondly, the Brexit negotiations are ongoing, and there is a lot of uncertainty around what will happen next. This is likely to weigh on the Pound, and push the GBPJPY pair lower.
Finally, the Bank of Japan is unlikely to raise interest rates in the near future, while the Bank of England is expected to raise rates again later this year. This will make the Pound more attractive to investors, and could lead to further falls in the GBPJPY pair.
I want to share my GBPJPY ideas that may bring in some beautiful Pips to your forex account.
Why I think the GBPJPY is going bearish
The GBPJPY has been on the down escalator since April 17 and is not giving any indication of slowing down yet.
- It is sitting on the 1.618 of the Fib scale on the 4 hour time frame. The RSI and ADX agree that the trend is still strongly bearish for this pair.
- My analysis on the Daily chart in Smarttrader shows a target of 154.085 for those who want to ride the GBPJPY train a bit longer until this target is reached. It should be noted that support is at 150.883
- This pair appears to be headed to a target of 149.149 at present on the 4 hour chart. I would recommend setting your trade and watch your pips and profit grow.
GBPJPY Fibonacci setup
What are the forex experts saying about the GBPJPY prediction?
Bearish GBPJPY price forecast
- New HIGH record (1 month)
- Type : Mostly Bearish on the higher time frames
- Timeframe : Weekly
What will be the price of the GBPJPY in the next months?
Bullish GBPJPY prediction
- Bullish 1-year forecast for the GBPJPY to 171.275
- Bullish 5-year forecast to 195.344
Firstly, both the British pound and Japanese yen are highly liquid currencies, which means that there is always a large amount of currency available to trade.
Bullish long-term forecast for the GBPJPY
GBPJPY is often considered to be a predictable forex pair, as both the British pound and Japanese yen are stable currencies.
At what level is the GBPJPY price Expected to Rise?
According to Gov Capital, the GBPJPY currency pair is expected to reach 643.0294 in July 2025
At what price is GBPJPY price expected to drop?
The least possible price of the GBPJPY may be 137.8513 in August 2022, according to GovCapital.
What to do next?
It’s time to boost your trading account with some signals that I really believe in. I also shared the best trading ideas for Gold – the charts are updated frequently. Let me know your thoughts.
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