**IMPORTANT**:

**XXX / JPY**– can be any currency pair that has JPY on the second place. One of those are**GBP/JPY**,**NZD/JPY**,**EUR/JPY etc..**.**Enter USD/JPY**price from the trading platform – it is needed to calculate the Pip value- Click
**Calculate**and you will get a value of a**1 Pip**or any number of pips you put into the**Pips**field (top left corner)

The **GBPJPY pip calculator** in Forex represents a **Forex calculator **that calculates the value of a GBPJPY pip in the currency you want by defining following values:

- number of pips
- lot size used
- currency pair
- deposit currency

**Why do you need GBPJPY pip calculator?**

You can calculate the value for a number of GBPJPY pips. And that means for example if you have 100 pips as a stop loss or take profit set, then you can calculate how much that will be in terms of a currency you select.

**How to use the GBPJPY pip calculator?**

Inside the GBPJPY calculator you have several fields you need to fill with the data. And those are the number of pips, GBPJPY currency pair, deposit currency and lot size. At the end you click the button Calculate and you get the value of GBPJPY pip.

In this article I will show you all details you need to know about GBPJPY pip calculator and what you can get with using it, why you should use it to speed up the process of calculating pip value and how to use it so you do not get confused when looking at pip calculator.

**Read more: What is Pip Calculator**

Contents

## GBPJPY Pip Calculator Example

The best way to explain how the GBPJPY calculator works is to show an example. I will make a few examples so you can see the difference in calculations.

First example is when you have GBPJPY currency pair with GBP as a deposit currency:

**Number of pips**: 1**Instrument**: GBP/JPY**Lot size**: 1.00 (100,000 units)**Deposit currency**: GBP**GBPJPY pip size**: 0.01

Second example is when you have GBPJPY currency pair with JPY as a deposit currency:

**Number of pips**: 1**Instrument**: GBP/JPY**Lot size**: 1.00 (100,000 units)**Deposit currency**: JPY**GBPJPY pip size**: 0.01

### How to Calculate Pips for GBP/JPY

To calculate pips for GBP/JPY you need to use following formula which defines the pip value:

For deposit currency which is equal to base currency, **GBP**:

**Pip value = (Pip / Current market price) x Lot size**

For deposit currency which is equal to quote currency, **JPY**:

**Pip value = Pip x lot size**

### GBPJPY Pip Value

Now with the formula you have you need to use the first formula where the deposit currency is GBP.

#### Pip Value for Base Currency

For deposit currency which is equal to base currency, **GBP, **pip value will be equal to:

**Pip value = (Pip / Current market price) x Lot size**

Here are other data you need:

**Number of pips**: 1**Instrument**: GBP/JPY = 160.927**Lot size**: 1.00 (100,000 units)**Deposit currency**: GBP**GBPJPY pip size**: 0.01

Now, when you put all the data in the formula you get:

**Pip value = (Pip / Current market price) x Lot size**

**Pip value = (0.01 / 160.927) x 100,000**

**Pip value = (6.21e-5) x 100,000**

**Pip value = £6.21**

#### Pip Value for Quote Currency

For deposit currency which is equal to quote currency, **JPY, **pip value will be equal to:

**Pip value = Pip x Lot size**

Here are other data you need:

**Number of pips**: 1**Instrument**: GBP/JPY = 160.927**Lot size**: 1.00 (100,000 units)**Deposit currency**: JPY**GBPJPY pip size**: 0.01

Now, when you put all the data in the formula you get:

**Pip value = Pip x Lot size**

**Pip value = 0.01 x 100,000**

**Pip value = ¥1,000**

#### Pip Value for Third Currency

Third case is when you have a GBPJPY currency pair, but the deposit currency is USD. Which is not GBP or JPY.

This case requires that you make more calculations. If you use the GBPJPY calculator then the whole calculation is done by the pip calculator.

But, if you want to do it manually, then you need to use the following process.

**First:**

- decide in which currency you will calculate the pip value. Will that be GBP or JPY

Let’s use GBP. The formula for the pip value will be:

**Number of pips**: 1**Instrument**: GBP/JPY = 160.927**Lot size**: 1.00 (100,000 units)**Deposit currency**: GBP**GBPJPY pip size**: 0.01

**Pip value = (Pip / Current market price) x Lot size**

**Pip value = (0.01 / 160.927) x 100,000**

**Pip value = (6.21e-5) x 100,000**

**Pip value = £6.21**

**Second:**

Now, you need to use the GBP/USD currency pair so you can extract USD pip value from it.

Current market price for the GBP/USD = 1.23280. Which gives us GBP = 1.23280 USD.

This is the same as 1 GBP = 1.23280 USD.

So, the formula would be:

**Pip value (USD) = Pip value (GBP) x (GBP/USD)**

**Pip value (USD) = 6.21 x 1.23280**

**Pip value (USD) = 7.65**

## How Do You Calculate GBP/JPY Pip Profits?

With the above calculated you can calculate GBP/JPY pip profit.

Let’s say you have an open SELL order on the market with the GBP/JPY = 160.00.

And you want to close the trade at GBP/JPY = 160.20.

The price difference in pips is:

**Pips = |Entry price – Exit price|**

**Pips = |160.00 – 160.20|**

**Pips = 0.20**

You can see the difference is 20 pips between open and close price.

Now, the profit for 20 pips is:

**Profit = Pip value x Pips**

**Profit = 7.65 x 20**

**Profit = $153**

If you want to use GBP as a deposit currency then the pip value is **£6.21:**

**Profit = Pip value x Pips**

**Profit = 6.21 x 20**

**Profit = £124,2**

## GBP/JPY Pip Movement

GBP/JPY is one of the fastest currency pairs. If you take a look graph below you will see what the average pip movement is on GBP/JPY.

You can see detailed pip movement per day so you can see when the pip movement on GBPJPY is the highest. That is when the New York market opens and when the London market is open.

On the cross of these two markets you get the highest pip movement.

Check there for more details about the GBPJPY pip movement.

## Conclusion

If you are beginner in Forex trading you will need this calculator because the calculation manually is not so easy.

Even the Forex basics is not so easy to understand, but in time you learn everything.

Use this calculator and other calculators to see how much you will make per pip so you can set stop loss and take profit properly.

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