GBP/JPY Daily and Hourly Charts

 

GBP/JPY Hourly Chart

GBP/JPY Daily Chart

GBP/JPY Analysis

British Pound - Yen Exchange Rate: 136.69 (at the time of analysis update).
 
GBPJPY Outlook: Short-term: Volatile sideways/Down. Near-term: Volatile sideways/Down.


GBP/JPY Analysis (December 21, 2012): We expect some more downward consolidation but there is no good trade configuration considering the risk-reward ratio and hence we are not taking any position.

Previous Analysis (December 20, 2012): A buy position at 136.75 with a stop-loss at 136.50 (-25 pips) and take-profit target first at 137.05 (+30 pips) and then 137.50 (+75 pips). 

Note: Please also take a look at GBP JPY outlook for mid-term trading approach/outlook updated on the weekends for GBP/JPY.
             
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GBP/JPY Interest Rate Comparison
(For Carry Trade)
GBP interest rate
0.50%
JPY interest rate
0.10%
GBP/JPY interest rate comparision
0.40%

 

GBP/JPY : Resistance and Support with Daily Pivot Points (Values at GMT 00:00)

Last Updated (Friday, 21 December 2012 04:20) GMT

Standard Pivot Point for GBP/JPYFibonacci Pivot Point for GBP/JPYWoodie Pivot Point for GBP/JPYCamarilla Pivot Point for GBP/JPY
R3139.14R3138.34  R3137.64
R2138.34R2137.84R2138.41R2137.51
R1137.81R1137.52R1137.94R1137.39
Pivot137.01Pivot137.01Pivot137.08Pivot137.01
S1136.48S1136.51S1136.61S1137.15
S2135.68S2136.19S2135.75S2137.03
S3135.15S3135.68  S3136.9
Open136.88Open136.88Open136.88Open136.88
High137.55High137.55High137.55High137.55
Low136.22Low136.22Low136.22Low136.22
Close137.27Close137.27Close137.27Close137.27

 

GBP/JPY - Correlations with other currency majors

GBP/JPY with EUR/USD -correlation analysis
GBP/JPY with EUR/JPY -correlation analysis
GBP/JPY with USD/JPY -correlation analysis
GBP/JPY with GBP/USD -correlation analysis
GBP/JPY with AUD/JPY -correlation analysis

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