Technical analysis for GBPJPY

The analysis shows a variety of moving averages and oscillators, and an overall buy/sell score based on the combination of all the indicators. All the figures update live based on each new market tick.

The moving averages combine traditional calculations (EMA, SMA) with averages which are designed to respond more quickly to changes in price, and to track the current price more closely (Hull, Arnaud Legoux). The table is colour-coded based on whether the current price is above (bullish) or below (bearish) each moving average.

The oscillators track over-bought and over-sold conditions. For example, a value of 80+ on the Stochastic oscillator is traditionally regarded as an over-bought signal, and therefore bearish.

The technical analysis also shows daily pivot points using a variety of popular calculations. If the current price has breached a support level, then that is considered as bearish. Conversely, the analysis regards it as bullish if the price is above a resistance level.

You can change the periods which are used for moving averages, and for oscillators. Adding more moving averages will change their weight in the total score compared to the oscillators. Conversely, adding or removing oscillators will change their contribution to the overall score relative to the moving averages.

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About GBPJPY

The GBPJPY pair is the abbreviation of the British Pound and the Japanese Yen. The pair is also known as "the dragon". This pair is traded by risk-accommodating forex traders and investors. The ability of the GBP/JPY to fluctuate dramatically is one of its most recognisable attributes. Both the British pound and the Japanese yen are traded frequently and are among the top eight global currencies traded worldwide. The pair is seen as a barometer of global economic health as it relates economic events related to Europe's monetary policies with those of the Asia-Pacific region. The result of the United Kingdom's decision to leave the European Union via the Brexit referendum produced a severe downtrend of the GBPJPY. Another factor that impacts the pair is the relationship between the Japanese yen and energy pricing. Japan is heavily reliant upon the importation of crude oil and natural gas products as a means of satisfying domestic energy requirements. The pricing of energy commodities and the yen are intertwined and the adjustment in the value of the yen directly influences the GBP/JPY. Other factors that influence the volatility of the GBP/JPY are the political events, domestic monetary policies and both countries' economic output.