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Trade Responsibly. riskWarning_japaneseDescriptionriskWarning_brazilianDescriptionTrade Responsibly.Trade Responsibly.CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.90% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.CFDs and Spread Betting are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.59% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider. You should consider whether you understand how CFDs and Spread Betting work and whether you can afford to take the high risk of losing your money.
riskWarning_japaneseDescriptionriskWarning_brazilianDescriptionInvest Responsibly: Trading CFDs involves significant risks.

GBPJPY - British Pound / Japanese Yen

Swap Short: 0 PointsSwap Long: 0 Points
Low: 0.00Spread MT4 floatingHigh: 0.00
Global Stock Exchanges Session Times
Sydney
2:11 pm (Local)
Opens in 43h 39m
Tokyo
1:11 pm (Local)
Opens in 43h 49m
London
5:11 am (Local)
Opens in 50h 49m
New York
12:11 am (Local)
Opens in 57h 19m

GBP JPY Trading Chart

D1
W1
M1
Past performance is not a guarantee or prediction of future performance.

Trading Conditions

Platform
cTrader
cTrader
MT4
MT5
Execution
Market Execution
Market Execution
cTraderSpreads + 0.45$ per 10K traded
Minimum: 0.80Average: 1.74
cTrader Limit and Stop Level0
Used Margin (1:100 leverage rate) in US Dollar1000 X GBPUSD Rate
Minimum contract size0.01 lot
1 TICK value per 1 lot in USD1000 / USDJPY Rate
Minimum step for increasing contract size0.01 lot
Margin requirements to open a lock position *0

Trading time (UK time) 10:00 PM Sunday - 10:00 PM Friday

* Only if Margin Level > 100%

** Abnormal market conditions refer to Section 10.5 in Order Execution Policy of FxPro Financial Services Ltd, in point 11.5 in Order Execution Policy of FxPro UK Limited and in point 9.6 in Order Execution Policy of FxPro Global Markets Ltd.

The spreads provided are a reflection of the time-weighted average from 09:00AM - 21:00 PM (GMT) for the period of 01/8/2019 – 25/8/2019. Though FxPro attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.

Fixed spreads shall only apply for β€˜Instant Orders;’ all other order types shall be subject to the Order Execution Policy.

The above spreads are applicable under normal forex trading conditions. FxPro has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions of Business'.

GBP/JPY is the high-risk, volatile currency combination. In fact, during the financial collapse of 2008, the pair moved over 7000 pips; a phenomenon that was simply unheard of.

Depending upon your individual trading style, this volatility is either a highly desired or highly disliked. It should only ever be traded where protective stop-loss orders are used. This pair's significant risks make it highly unsuitable for novices but it is an ideal instrument for traders with more experience and a libertine approach to risk.

Please note that changes in the UK and Japan economies usually affect the GBP/JPY quotes. The RSI indicator and support/resistance levels are two excellent ways to determine entry and exit points in the short, medium and long term. Average daily range – 172 points.

If you are interested in trading the GBP/JPY currency pair, contact FxPro today.

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