t appears that the market is reaching now most pairs are trading in a clear market condition (finally after two weeks of very few opportunity) and there are good opportunities in some pairs and crosses.
However, there is one cross that continues to trade in a undefined range(the most difficult market conditions to trade since we have no clear support or resistance levels), and it is the GBPJPY.
I know many traders like the GBPJPY because it moves pretty fast and the average daily range is greater than most currency pairs, but these weeks have been difficult to find any opportunity in this one,Forex marketings.
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Thursday, April 29, 2010
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