GBP/JPY is the most volatile pair, and yet the most predictable one if you are trading only this pair.
In this very first post I have attached the two indicators that I use on my charts for basic trend analysis, though I love naked charts better. But for the purposes of explaining in easier terms I will be using these 2 indicators.
One is the xpMA and the other is the Time Series Forecast.
My first trade was given on tuesday evening which I will explain later in this thread, for 234.38 which is also a daily trendline and a deciding factor for future GJ moves.
Today as you can see in the attachment below we broke the 4 hour trendline triangle during the NZD news event, which was later reinforced by the GBP news event, thereby exposing the daily trendline 234.38 immediately.
In this very first post I have attached the two indicators that I use on my charts for basic trend analysis, though I love naked charts better. But for the purposes of explaining in easier terms I will be using these 2 indicators.
One is the xpMA and the other is the Time Series Forecast.
My first trade was given on tuesday evening which I will explain later in this thread, for 234.38 which is also a daily trendline and a deciding factor for future GJ moves.
Today as you can see in the attachment below we broke the 4 hour trendline triangle during the NZD news event, which was later reinforced by the GBP news event, thereby exposing the daily trendline 234.38 immediately.
Attached Image
Attached File(s)