Created
: 2025.02.17
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
GBP/JPY Price Analysis: Finds support around nine-day EMA at 191.00
World FX news
Breaking news
GBP/JPY Price Analysis: Finds support around nine-day EMA at 191.00
New
2025.02.17 16:53
2025.02.17 16:53
2025.02.17 16:53
- GBP/JPY tests immediate support at the nine-day EMA at 191.00.
- The 14-day RSI falls below 50, signaling increasing bearish momentum.
- The currency cross could test immediate resistance at the 14-day EMA at 191.17.
GBP/JPY continues its losing streak for the third consecutive session, trading around 191.00 during the European hours on Monday. An analysis of the daily chart showed the pair remains within the descending channel pattern, indicating a prevailing bearish bias.
Additionally, the 14-day Relative Strength Index (RSI), a key momentum indicator, falls below the 50 level, strengthening the bearish momentum. However, the GBP/JPY cross trades around the nine- and 14-day Exponential Moving Averages (EMAs), suggesting short-term price momentum is neutral.
Regarding its support, the nine-day EMA at the 191.00 level acts as immediate support for the GBP/JPy cross. A break below this level could weaken the short-term price momentum and lead the currency cross to navigate the region around a five-month low at 187.05, which was recorded on February 7, followed by the lower boundary of the descending channel around the psychological level of 186.00.
On the upside, the GBP/JPY cross could test immediate resistance at the 14-day EMA at 191.17. A break above these levels could weaken the bearish bias and support the pair to test the descending channel's upper boundary at the 192.50 level.
GBP/JPY: Daily Chart
British Pound PRICE Today
The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the weakest against the Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.08% | -0.04% | -0.24% | 0.03% | -0.18% | -0.23% | 0.09% | |
| EUR | -0.08% | 0.03% | -0.37% | 0.05% | -0.17% | -0.21% | 0.12% | |
| GBP | 0.04% | -0.03% | -0.29% | 0.02% | -0.15% | -0.24% | 0.08% | |
| JPY | 0.24% | 0.37% | 0.29% | 0.28% | 0.10% | 0.22% | 0.32% | |
| CAD | -0.03% | -0.05% | -0.02% | -0.28% | -0.18% | -0.26% | 0.07% | |
| AUD | 0.18% | 0.17% | 0.15% | -0.10% | 0.18% | -0.04% | 0.29% | |
| NZD | 0.23% | 0.21% | 0.24% | -0.22% | 0.26% | 0.04% | 0.32% | |
| CHF | -0.09% | -0.12% | -0.08% | -0.32% | -0.07% | -0.29% | -0.32% |
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 British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).
Last updated
: 2025.02.17
Related articles
EUR/USD Price Analysis: Bulls approach critical resistance near 100-day SMA
5 minutes agoGBP/USD climbs as US Dollar weakens due to falling yields
2025.02.26 00:06USD/JPY turns upside down as US Dollar slumps
2025.02.25 23:46ECB's Schnabel: Subdued growth should not be taken as evidence that policy is restrictive
2025.02.25 22:52GBP/USD modestly firmer - Scotiabank
2025.02.25 22:16EUR steady in upper 1.04s - Scotiabank
2025.02.25 22:12
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
EUR/USD Price Analysis: Bulls approach critical resistance near 100-day SMA
The EUR/USD pair extended its upward momentum on Tuesday, inching closer to the crucial 100-day Simple Moving Average (SMA).
New
2025.02.26 01:16GBP/USD climbs as US Dollar weakens due to falling yields
The Pound Sterling advanced early in the North American session, bounced off a two-day low of 1.2605, as the Greenback weakened due to falling US Treasury yields.
New
2025.02.26 00:06USD/JPY turns upside down as US Dollar slumps
The USD/JPY pair gives up its intraday gains and turns negative in Tuesday's North American after failing to hold above the psychological figure of 150.00 earlier in the day.
New
2025.02.25 23:46ECB's Schnabel: Subdued growth should not be taken as evidence that policy is restrictive
European Central Bank board member Isabel Schnabel argued on Tuesday that the fact that growth remains subdued cannot and should not be taken as evidence that policy is restrictive, as reported by Reuters.
New
2025.02.25 22:52GBP/USD modestly firmer - Scotiabank
Pound Sterling (GBP) is trading modestly higher, Scotiabank's Chief FX Strategist Shaun Osborne notes.
New
2025.02.25 22:16EUR steady in upper 1.04s - Scotiabank
The EUR is flat on the session, Scotiabank's Chief FX Strategist Shaun Osborne notes.
New
2025.02.25 22:12CAD steadies after Trump comments on tariffs - Scotiabank
With a week to go before the 1-month reprieve for President Trump's border tariff threat expires (March 4th), short-term vols are ticking up again.
New
2025.02.25 22:10USD mixed amid renewed tariff focus - Scotiabank
The US Dollar (USD) is trading mixed against the major currencies in a session where risk appetite appears to be faltering, Scotiabank's Chief FX Strategist Shaun Osborne notes.
New
2025.02.25 22:08US Dollar stuck despite the latest market rout
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, trades almost flat around 106.70 at the time of writing on Tuesday while other asset classes are facing big moves.
New
2025.02.25 21:24AUD/USD declines to near 0.6330 despite US Dollar trades subduedly
The AUD/USD pair falls to near 0.6330 in late European trading hours on Tuesday.
New
2025.02.25 21:03Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
