British Pound / Japanese Yen

Sterling against the yen, historically one of the more volatile major crosses.

211.660+0.29%

Price · last 3 months

Live · ECB

Market trend

Bearish

74/100 confidence

British Pound / Japanese Yen is clearly bearish on this timeframe.

Confidence measures how much the indicators agree with each other. It is not a probability that a trade will be profitable.

Signals behind this

Price vs long-term averagebearish
EMA 20 vs EMA 50neutral
MACD momentumbearish
RSI (14)bearish
Bollinger positionbearish
Market structureneutral

Key levels

219.140+3.53%

Price211.660

211.050-0.29%

7.2%annualised · normal

Volatility is around its normal level for this market — no particular warning signal from the range itself.

How this developed

Major moves, trend changes, level breaks and news for this window, newest first.

Dropped 1.86% in one bar
Price move
A genuinely large move for this market, not just a large-looking percentage — it moved 4.6× its typical daily range (0.41%).
2d ago
Dropped 1.42% in one bar
Price move
A genuinely large move for this market, not just a large-looking percentage — it moved 4.9× its typical daily range (0.29%).
5d ago
Jumped 0.29% in one bar
Price move
A genuinely large move for this market, not just a large-looking percentage — it moved 1.4× its typical daily range (0.20%).
6d ago
Dropped 0.45% in one bar
Price move
A genuinely large move for this market, not just a large-looking percentage — it moved 1.7× its typical daily range (0.27%).
19d ago
Jumped 0.68% in one bar
Price move
A genuinely large move for this market, not just a large-looking percentage — it moved 2.7× its typical daily range (0.25%).
20d ago
Jumped 0.26% in one bar
Price move
A genuinely large move for this market, not just a large-looking percentage — it moved 1.2× its typical daily range (0.22%).
21d ago
Jumped 0.31% in one bar
Price move
A genuinely large move for this market, not just a large-looking percentage — it moved 1.2× its typical daily range (0.25%).
27d ago
Jumped 0.66% in one bar
Price move
A genuinely large move for this market, not just a large-looking percentage — it moved 2.4× its typical daily range (0.28%).
Jul 6
Jumped 0.31% in one bar
Price move
A genuinely large move for this market, not just a large-looking percentage — it moved 1.2× its typical daily range (0.27%).
Jul 1
Jumped 0.31% in one bar
Price move
A genuinely large move for this market, not just a large-looking percentage — it moved 1.2× its typical daily range (0.27%).
Jun 26
Dropped 0.32% in one bar
Price move
A genuinely large move for this market, not just a large-looking percentage — it moved 1.2× its typical daily range (0.28%).
Jun 24
Dropped 0.40% in one bar
Price move
A genuinely large move for this market, not just a large-looking percentage — it moved 1.4× its typical daily range (0.28%).
Jun 23
Jumped 0.45% in one bar
Price move
A genuinely large move for this market, not just a large-looking percentage — it moved 1.7× its typical daily range (0.27%).
Jun 22
Dropped 0.94% in one bar
Price move
A genuinely large move for this market, not just a large-looking percentage — it moved 3.7× its typical daily range (0.25%).
Jun 18
Jumped 0.43% in one bar
Price move
A genuinely large move for this market, not just a large-looking percentage — it moved 1.5× its typical daily range (0.28%).
Jun 9
Dropped 0.71% in one bar
Price move
A genuinely large move for this market, not just a large-looking percentage — it moved 2.7× its typical daily range (0.26%).
Jun 8
Jumped 0.43% in one bar
Price move
A genuinely large move for this market, not just a large-looking percentage — it moved 1.6× its typical daily range (0.27%).
Jun 1
Jumped 0.47% in one bar
Price move
A genuinely large move for this market, not just a large-looking percentage — it moved 1.5× its typical daily range (0.31%).
May 25
Dropped 0.75% in one bar
Price move
A genuinely large move for this market, not just a large-looking percentage — it moved 2.2× its typical daily range (0.34%).
May 15
Jumped 0.65% in one bar
Price move
A genuinely large move for this market, not just a large-looking percentage — it moved 1.6× its typical daily range (0.41%).
May 4

Showing the 20 most recent of 27 events in this window.

Summary

Writing

Technical indicators

Computed from 90 bars over the last 3 months.

216.093 / 215.653

bullish

The 20-period average sits above the 50-period average, which is the classic shape of an uptrend. Price above both means buyers have controlled the recent range.

30.1

bearish

At 30 momentum is in the normal band — neither stretched nor exhausted, so RSI is not arguing for a reversal in either direction.

-0.42581

bearish

MACD sits below its signal line — short-term momentum has rolled over relative to the medium-term trend, which typically precedes or confirms a pullback.

Not published

neutral

The data source for British Pound / Japanese Yen publishes prices but not traded volume, so there is no participation figure to read. That is a gap in the data, not a quiet market — treat any conclusion that would depend on volume as unsupported here.

0.856 (0.40%)

neutral

The market has been moving about 0.856 per bar, or 0.40% of price. This is the number position sizing and stop placement should be built around — a stop tighter than this will be hit by ordinary noise.

Two ways this could go

Both paths are shown with equal weight. Neither is a prediction.

Potential bullish scenario

Trigger: A daily close above 219.140 on above-average volume
If it fires: 223.523 as the next area where sellers have previously stepped in
Invalidation: A move back below 211.050 would void this idea

If buyers can absorb the supply sitting at 219.140 and hold above it into a close, the path of least resistance opens toward 223.523. This would be counter-trend, so it needs stronger confirmation than usual — a single spike through the level is not enough. Given the market is moving roughly 0.856 per bar, allow at least that much room before treating a wick through the level as a real breakout.

Potential bearish scenario

Trigger: Losing 211.050 and failing to reclaim it
If it fires: 206.829, the next level where buyers previously defended
Invalidation: Reclaiming 219.140 would void this idea

If 211.050 gives way and the market cannot recover it quickly, the next obvious area of interest is 206.829. This aligns with the prevailing trend, which makes it the higher-probability of the two paths here. With volatility contained, expect the move to develop over several bars rather than in one impulse.

Trading risks

This analysis reads price history. It cannot anticipate news, and markets reprice on news faster than any indicator updates.
Central bank speakers can reprice the whole curve in seconds, and FX gaps over weekends.
Leverage is typically highest in FX, so ordinary moves produce outsized account impact.

Key events to watch

Central bank rate decisions and the accompanying statement language
Monthly inflation (CPI) and employment releases for both currencies in the pair
Scheduled speeches from voting policy committee members

What actually drives British Pound / Japanese Yen: Bank of England vs Bank of Japan policy, carry trade positioning, risk sentiment.

This analysis is educational and should not be considered financial advice. It is generated from historical price data and can be wrong. Markets reprice on news faster than any indicator updates. Never risk money you cannot afford to lose.

Generated Aug 4, 09:15 PM · European Central Bank reference rates, published once per business day.