I trade the GBP/JPY, and have fantastic technical indicators already set up. However, I still need some good sources that might point out "the mood" surrounding this pair on any given trading night. I already use Forex Factory, and sometimes go to Bloomberg.com, but I’ve found that Bloomberg is not a great source of info for either of these two currencies.
Does anyone know where I can get good info on the Pound and/or Yen? I only speak English and Spanish, so sites in Japanese won’t do me much good.
Thanks in advance for your advice.
Trading indicators are best used along with money management and good risk control, using trading indicators alone will not enable you to be a successful trader, even if you learn everything about Technical Trading Indicators the market is just too random and unless risk is controlled, over time your account will slowly get wiped out, regardless how good a “trader” you think you are.
This question was about Technical Trading Indicators and there have been some pretty good answers that should help in your trading, and especially in relation to Technical Trading Indicators, the answer has been posted in the categories listed below:
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My blog below gives good outlook for Sterling, however I dont cover the JPY much, but may be helpful from a GBP point of view.
you may check your options in this site. they give out Daily as well as Weekly Outlook/Reviews on major currencies including JPY. all the best.
The banking crisis in England is continuing to wreak havoc on the currency. Investors are torn as to how much to government is doing to stave off further declines. With trouble in Northern Ireland making headlines again across England and Europe, it seems as if the politicians have neglected the banking crisis. The chart below shows that the big loser this week against a US Dollar, which has been falling itself, is the Pound Sterling – off nearly 3% as of 6PM GMT Wednesday over the past 5 trading sessions. Can the FSA come up with a plan that will soothe investor’s worries or is the Sterling heading to 1.25 as predicted by many analysts? Thursday will be a crucial day in figuring out this answer.
Harvard boys forex has a really good indicator for GBP/JPY. I’ve found it works best on 30M – 4H charts.