DislikedI have recently been looking at other markets because at the moment the Cable market just doesn't seem to have enough momentum to sustain any sort of a move. Cable is going one way one minute and the very next it is retracing and shooting off the other way... Any one have any insight as to why this is?
Anyway I was looking at the GBP/JPY charts and noticed that this pair seem to perform very well with the support and resistance approach that I use...
I trade breakouts as many may know and the GBP/JPY seems to have quite a lot of Juice...
I was just wandering if there was anyone out here that knows this currency pair a little more intimately and would care to share their experiences...
i.e. When the pair tends to move/breakout of its channel, If it does usually hold up to support and resistance type trading and if anyone has experience of trading breakouts in this market...
Also Should stop placement, trailing stops and profit targets be altered for this market?Ignored
GBPCHF; GBPJPY and EURJPY... great pairs to trade...