The Gbpjpy is traded at 153.320.
I actually have my bias for EurUSD, Gbpjpy and USD CAD.
Let us again assume that the spread for Gbpjpy is five pips.
It has been
less than 20 days since our last update on Gbpjpy.
For example i have a Euro account and want to open a long position on Gbpjpy.
We don't advise you trying to use our system with
pairs that don't have USD(i.e. CADCHF, Gbpjpy, etc.).
Imagine if you were trading currency cross like Gbpjpy, and your Forex broker charges a five pip spread.
So for example, we can sell 28,000 units of the Gbpjpy currency pair at the rate of 156.016.
So if you are trading the Gbpjpy you can simply carry out a few powerful trades between 8am-9am GMT,
and then you are free for the day!
However, traders overall lost money in Gbpjpy because they made an average of only 52 pips on winning trades,
while losing more than twice that- an average 122 pips- on losing trades.