FREE DOWNLOAD “High Accuracy GBPJPY Trading Strategy and System” – The GBPJPY pair is known as the “Beast,” the “Dragon” and sometimes the “Widow Maker” – which ought to tell you something.
This pair requires a lot of respect. The moves happen quickly, and they are big.
If you plan on scalping, be careful not to get scalped yourself.
- Time Frame: H4 or D1
- Currency Pair: GBPJPY
MetaTrader Trading Indicators
- StepMA
- Zero
- Triline 3 MTF +Sigma TT
- RSI
BUY Rules
- StepMA: Green lines
- Triline 3 MTF +Sigma TT: Green histogram
- RSI: Upward and above level 55 line
SELL Rules
- StepMA: Orange lines
- Triline 3 MTF +Sigma TT: Red histogram
- RSI: Downward and below level 45 line
Trading NOTES
There is a strong link between the price of the Japanese yen and the price of energy commodities.
Historical data shows that when global energy prices shift, the yen usually moves in line with them. This has the knock-on effect of influencing the GBP/JPY.