I have noticed that the Dragon moves with USD/JPY as well as GBP/USD.
Currently, in hourly candles both USD/JPY and GBP/JPY have been range bound and moving sideways. The pound has not moved much today. A move in GBP/USD will determine the direction of the dragon from now till the end of the American session. It is the combined effect of GBP/USD and USD/JPY that gives Dragon its dreaded volatility.
At least that is my observation. I am hoping for disagreements from the members.
Currently, in hourly candles both USD/JPY and GBP/JPY have been range bound and moving sideways. The pound has not moved much today. A move in GBP/USD will determine the direction of the dragon from now till the end of the American session. It is the combined effect of GBP/USD and USD/JPY that gives Dragon its dreaded volatility.
At least that is my observation. I am hoping for disagreements from the members.