The market overview lets you quickly compare price movements on different timescales.
The overview shows three gauges, for the price movement during the last 60 minutes, 24 hours, and 5 days.
Each gauge shows the current price in relation to the high-low range (with prices). A gauge which is
mostly blue means that the current price is towards the top end of the range; orange means that the price
is towards the lower end of the range. The inner bar then shows the open price for the period, and the
corresponding % change.
Below the gauges are three simple candle charts, letting you compare short-term market activity on
the M5, M15 and H1 timeframes.
The GBPJPY pair is the abbreviation of the British Pound against Swiss Franc. This pair is the oldest currency
cross rate with regard to USD. Speculative volatility is provided by GBP presence in the quote. The high cost
of the lot in the cross rate allows to earn on short-term operations. Dramatic reversals on the news are technically
characteristic: in case of publishing positive data for pound, purchases are always careful, and in case of any
negative data pound sells quickly and capital moves to the Swiss Franc which is safer. To trade this pair is
only recommended to experienced traders. The economic releases that influence the pair the most are
the main economic indicators of Great Britain, Eurozone, Switzerland, and the USA (discount rate, GDP,
inflation, unemployment level, CPI, PMI, among others). Other events that influence the pair are
statements made by officials of those countries, currency interventions of Swiss franc, monetary
policies of the ECB and the Bank of England. The pair is highly liquid only during the European session.