Hi All,
@ Leighsww,
The chart presented was a GBP/YEN chart.
The cross comprise of GBP/USD against USD/JPY.
so the movements in the respective majors have an impact on the cross.
yes?
(Majors currency pairs = USD/JPY, USDCHF, GBPUSD, EURUSD, if renminbi gets to free float probalily be a major due to its size.
Monors pairs: USD/currencies eg USD/dinar, USDpeso, USDlira...
Exotics: USD/ third world currencies also USD/crosses)
The two pairs of GBP?USD and NSD?YEN normally moves in tendem of its natural relationship, which is an inverse relationship.
It is when one leg is not moving in the natural tendency. Or when both is tearing from the norm tendenct that created the swift and directional moves.
I check, You still on?
regards
@ Leighsww,
The chart presented was a GBP/YEN chart.
The cross comprise of GBP/USD against USD/JPY.
so the movements in the respective majors have an impact on the cross.
yes?
(Majors currency pairs = USD/JPY, USDCHF, GBPUSD, EURUSD, if renminbi gets to free float probalily be a major due to its size.
Monors pairs: USD/currencies eg USD/dinar, USDpeso, USDlira...
Exotics: USD/ third world currencies also USD/crosses)
The two pairs of GBP?USD and NSD?YEN normally moves in tendem of its natural relationship, which is an inverse relationship.
It is when one leg is not moving in the natural tendency. Or when both is tearing from the norm tendenct that created the swift and directional moves.
I check, You still on?
regards