If my home currency is USD, what are the benefits of trading a foreign cross, like GBP/JPY, vs. trading GBP/USD & USD/JPY, when the profitability of my GBP/JPY trade is subject to the USD price movement anyways?
If my home currency is USD, what are the benefits of trading a foreign cross, like GBP/JPY, vs. trading GBP/USD & USD/JPY, when the profitability of my GBP/JPY trade is subject to the USD price movement anyways?
GBPJPY is the thrill seeker's pair of trading; it moved fast, strong and fairly unpredictable although it has been slowed down quite a bit. The pair I donât think has a direct relationship with the GBPUSD and USDJPY except that they are easier to trade.
