Stop Loss & Take Profit Calculator GBP/JPY
Using estimated rate
Calculate stop loss for GBP/JPY
Inputs
Calculate pips to stop loss
$150 ÷ $1.59 = 94.6 pips
= 94.6 pips
Calculate stop loss price
189.150 - (94.6 × 0.01)
= 188.204
Calculate take profit (1:${slcTpRatio})
189.150 + (94.6 × 2 × 0.01)
= 191.042
For GBP/JPY stop loss calculations: GBP/JPY uses 2-decimal pricing (0.01 per pip) since JPY is valued in hundreds per unit. This cross pair has typical spreads of 2.0-3.5 pips with good liquidity.
Frequently Asked Questions
Where should I place my stop loss for GBP/JPY?
Stop loss placement for GBP/JPY should be based on technical levels (support/resistance), ATR-based volatility, or a fixed pip distance. Use this calculator to see the price level.
How many pips should my stop loss be for GBP/JPY?
Stop loss distance for GBP/JPY varies by strategy and timeframe. Scalpers may use 10-20 pips, day traders 30-50 pips, and swing traders 100+ pips on this minor pair.
Should I use a tight or wide stop for GBP/JPY?
For GBP/JPY, consider its typical volatility and spread. Tight stops may get hit by normal price fluctuations. The stop should be beyond market noise but within your risk tolerance.