DislikedThere are those who evaluate the situation from GU and UJ plus all the fundamental mood, and there are those who do technical analysis only on GJ.
Since GJ is not just related to UJ and GU, but is identical to their cross, it exactly mirrors the situation hence can be traded stand-alone.Ignored
Today was NFP day, which would have some effect on GJ, but in a manner that would depend on relative strengths of the reactions of UJ and GU. However, because of the close relationship between the US and UK markets, one would expect the UJ component to dominate...the price movements on GJ were much more confused than GU and UJ. Trading one of the components of the GJ (i.e. GU or preferably UJ) today would make much more sense than trading GJ.