Oil Crumbles, Cable Reverses and the Dollar Continues with Bullish Structure. GBP Reacts to CB Talk as the Queen Speaks. USD Waits for Fed Speakers; NZD Vulnerable to RBNZ.

Gold, USD Strong Inverse Correlation and in Confluence. FTSE Further Develops Range on Sharp Turn Lower. Dow Jones Industrial Average Struggles to Hold the Gap Higher. The British Pound GBP against the Japanese Yen JPY pair denotes how many Yen are needed to purchase one Pound Sterling. Day traders love the wide and volatile swings the pair tends to make on a day by day basis.

Plateforme de trading SaxoTraderGO

There is enough liquidity in the pair for scalpers to quickly get into and out of trades. Additionally, forex technical analysis, such as support and resistance trading, tends to work well due to the amount of volume and forex transactions that takes place in the GBPJPY.

This volume and liquidity carves technical patterns that shorter term traders closely follow. Since the JPY is historically a low yielding currency, it is often used as a funding currency of a trade.

Additionally, with the United Kingdom begin one of the larger economies in Europe, the Pound-Yen pair carry trade can be viewed as a proxy for worldwide economic health.

GBPJPY — chart and live rate British Pound/Japanese Yen on Forex markets | TradingView

On the other hand, when the markets experience severe risk aversion, this pair has been a proxy for market 'risk-off' moves as the carry trade gets reversed. As a result, GBPJPY has seen strong trends develop that can be in excess of thousands of pips. Due to the volume and liquidity available, retail sentiment can also be useful when trading those trends.

GBP, JPY, USD Price Action Setups 6. The past few days have brought a number of drivers into markets for traders to work with, and tonight presents another with the Bank of Japan. In this webinar, we used price action to line-up setups in anticipation for what the next few weeks might hold. Fed Hikes Rates as Expected - US Dollar Shrugs.

Pre-FOMC USD Setups - Looking for USD Weakness. But don't just read our analysis - put it to the rest. Your forecast comes with a free demo account from our provider, IG, so you can try out trading with zero risk.

GBP JPY Analysis | British Pound Yen Analysis | Pound Yen Forex

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