Forex Great British Pound Charts - Forexmospherians.com

GBPJPY || 7th April ¤ short -> TP

Waited for the retracement after the news and went with the sentiment, worked well for some quick pips ¤) =) +22pips

You need to be a member of Forexmosphere to add comments!

Join Forexmosphere

Helpful Hints

Share GBP Photos or Charts with a description either written directly on the Photo and Chart or in the description box provided. This will help community members understand the photo, trade, analysis, results and or strategy.

Forex Market analysis relies on two types of analysis much like Stock Markets:

Technical Forex Market Analysis views the data on a chart and considers that the News and Data is built into the Price already (economic, political, social, sentimental and psychological). Various tools and indicators will be used by technical traders, for instance MACD, Bollinger Bands, Moving Averages and more.

Fundamental Forex Market Analysis also uses indicators, for instance reports, Gross Domestic Production (GDP), Retail sales, Consumer spending, Industrial Production, Consumer Price Index, Commodities, Economic Calendars, Balance of Trade levels which could identify Trends between other Nations and more.