GBP/JPY
View indicative pricing and leverage information for GBP/JPY.
GBP/JPY market insights
Pivot points are a technical indicator that traders use to predict upcoming areas of technical significance, such as support and resistance. They're calculated by averaging the high, low and closing prices of a previous period. That could be a day, a week or a month.
If a market is trading above its previous pivot point (known as P), it is seen as a bullish signal. If it is below, it is bearish.
Support and resistance levels are a core part of technical analysis, providing crucial insight into possible future price reversals.
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GBP/JPY overview
Pound versus Yen or JPY, the British Pound (GBP) versus the Japanese Yen (JPY), sometimes known as the Geppy, Beast or Dragon, is a highly volatile pair. The pair is described as a ‘cross’ because the US dollar is not used when calculating the exchange rate. Historically regarded as a low yielding currency, the JPY is often used as a funding currency. This is a strongly trending pair – a move of 1,000 pips is not unusual - and highly sensitive to risk on or risk off sentiment. As the Japanese yen is considered to be a major safety currency, this pair tends to drop when people get nervous about the near future.
| Margin from | 3.33 % |
| Min trade size | 1,000 |
| Long | 0.5 |
| Short | -1.16 |
| Min stop distance | 0.0 Points |
| Guaranteed order minimum | 0.18 Points |
Spreads
| Spreads from | 0.037 Points |
Margins
| 0 - 16,000,000 | 3.33 % |
| 16,000,000 + | 20.0 % |
Dealing
| Spreads from | 0.037 Points |
Margins
| 0 - 16,000,000 | 3.33 % |
| 16,000,000 + | 20.0 % |
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