Gbp/jpy

I

Ivanovich

I would sure love to get in on this bull run, but the market is in "SEM" (Silly Extreme Mode). I just cannot bring myself to hit the buy button when it's so frantic. Half the pairs I normally play are all in ridiculous oversold or overbought territory. Lots of people going to get spanked in the next few weeks.
 
Quote from Ivanovich:

I would sure love to get in on this bull run, but the market is in "SEM" (Silly Extreme Mode). I just cannot bring myself to hit the buy button when it's so frantic. Half the pairs I normally play are all in ridiculous oversold or overbought territory. Lots of people going to get spanked in the next few weeks.
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GBP/JPY - a wonderful beast. But the spread is very bad: 8 - eight - pips!

I just love to trade GBP/USD, but I have to pay or 4 pips spread.

Any here knowing of a broker which offers a better spread on Cable?
 
There are quite a few, such as most ECNs. Cable spread is normally 2 at COESfx, 2-3 at IB (both ECNs) and 3 at Oanda (not an ECN). GBP/JPY is 5-6 at IB and 6 at Oanda. Also, keep in mind that each GBP/JPY pip is worth about $8.27 per lot, not $10.
 
Quote from late apex:

There are quite a few, such as most ECNs. Cable spread is normally 2 at COESfx, 2-3 at IB (both ECNs) and 3 at Oanda (not an ECN). GBP/JPY is 5-6 at IB and 6 at Oanda. Also, keep in mind that each GBP/JPY pip is worth about $8.27 per lot, not $10.
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ECNs? What's that?
 
I week ago it was the major lowest pair in Yen crosses, so GBP thought - Why should I be worse than EUR and USD? :)

Quote from Ivanovich:

... Lots of people going to get spanked in the next few weeks.
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You mean those who would decide to go short?:D
 
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