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crescendo
crescendo
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Oct 09, 2010 at 16:00
GBPUSD and GBPJPY suffered a drop of more than 1000 pips.Remember, everything affecting EURUSD usually also affects GBPUSD as well, and usually is amplified :) This is due to strong direct correlation between the two pairs (EURUSD and GBPUSD). Also, GBPUSd average daily range (the difference between the daily H and L in pips) is 20% greater than EURUSD. And GBPJPY as and ADR 40% greater than GBPUSD.May was the best month THANKS to the higher volatility. Crescendo works best in that situations. And for the same reason August has been the worst.
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