Known informally among forex traders as “Geppy,” the GBP/JPY pairing is viewed as a reliable indicator of global economic health. These individual currencies provide a strong reflection of economic health and policymaking in both the Asia-Pacific region as well as Western Europe.
But this reliance on GBP/JPY as an economic indicator shouldn’t mislead traders into treating it as a safe pairing for beginners to get their feet wet with. Though the pairing’s volatility is great for generating potential earnings, it also creates significant risk for forex traders. This is why “Geppy” has one of the most fearsome reputations among all forex pairs.Read More