GBPJPY Trading Strategy (Backtest and Example)

#gbpjpy #tradingstrategy #trading #shorts #currencypairs #forex #forextrading

GBPJPY is a currency pair that compares the value of the British pound to the Japanese yen. It is considered a minor pair because it is not a pair between a major currency and the US dollar.

It is a cross pair of GBPUSD and USDJPY. GBPJPY is considered good to trade due to its historical volatility, potential for carry trade strategy, and relative predictability.

However, it is important to note that the price movements of GBPJPY and USDJPY can be correlated and traders should be aware of this when trading.

The best time to trade GBPJPY for intraday trading is during the Asian and London sessions. Keep in mind that it's always important to do a thorough analysis and research before trading any currency pair, and to consider your own risk tolerance.

You can read more about it here:

https://www.quantifiedstrategies.com/gbpjpy-trading-strategy/

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