GBPJPY - British Pound / Japanese Yen
Trading Conditions
* Only if Margin Level > 100%
** Abnormal market conditions refer to Section 10.6 in Order Execution Policy of FxPro Financial Services Ltd, in point 10.7 in Order Execution Policy of FxPro UK Limited and in point 10.6 in Order Execution Policy of FxPro Global Markets Ltd.
The average spreads provided for each platform are updated on a daily basis to reflect the average for the previous day. Though FxPro attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
Fixed spreads shall only apply for ‘Instant Orders;’ all other order types shall be subject to the Order Execution Policy.
The above spreads are applicable under normal trading conditions. FxPro has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions of Business'.
GBP/JPY is the high-risk, volatile currency combination. In fact, during the financial collapse of 2008, the pair moved over 7000 pips; a phenomenon that was simply unheard of.
Depending upon your individual trading style, this volatility is either a highly desired or highly disliked. It should only ever be traded where protective stop-loss orders are used. This pair's significant risks make it highly unsuitable for novices but it is an ideal instrument for traders with more experience and a libertine approach to risk.
Please note that changes in the UK and Japan economies usually affect the GBP/JPY quotes. The RSI indicator and support/resistance levels are two excellent ways to determine entry and exit points in the short, medium and long term. Average daily range – 172 points.
If you are interested in trading the GBP/JPY currency pair, contact FxPro today.