Hi,
I've been primarily trading the GBP/USD. It has been an excellent pair to trade. Lately, however, I've been observing the GBP/JPY and have been fascinated by it's massive movements. 100-200 pips, depending on the news, is common, while movements of over 300-400 (or even more) pips are also prevalent.
Today, on the US ISM report, the GBP/JPY went up 90-100 pips. I also looked back a few months and seems that the pair also responds to U.S. news.
In addition to the GBP and JPY news, would it be a good idea to trade the GBP/JPY using the U.S. news as well?
I've been primarily trading the GBP/USD. It has been an excellent pair to trade. Lately, however, I've been observing the GBP/JPY and have been fascinated by it's massive movements. 100-200 pips, depending on the news, is common, while movements of over 300-400 (or even more) pips are also prevalent.
Today, on the US ISM report, the GBP/JPY went up 90-100 pips. I also looked back a few months and seems that the pair also responds to U.S. news.
In addition to the GBP and JPY news, would it be a good idea to trade the GBP/JPY using the U.S. news as well?