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FxPro has been providing online trading services to clients since 1999 and it currently serves 173 countries worldwide.
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.
client accounts
FxPro has been providing online trading services to clients since 1999 and it currently serves 173 countries worldwide.
Awards
FxPro has received constant recognition in the industry, winning over 127 international awards to date for the quality of its services.
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FxPro operates under strict regulatory oversight across multiple jurisdictions, including authorisation by the FCA in the UK — one of the most trusted financial regulators globally.