Politics Is Now The 4th Dimension

If you’ve read A Three Dimensional Approach to Forex Trading you will know the three elements are technical, fundamental and relational.

To this we can now add a fourth which is politics which is increasingly dominating the forex market and indeed in many cases carries greater weight than the fundamental news. Volatility is once again in focus as the US forex markets get underway with the GBP/JPY on the 3m timeframe. Following a speech from the Governor of the BOE, the GBP was given some bullish momentum, and of course not forgetting the ECB which had its own press conference following the rate statement earlier. And during the webinar we saw some nice volume price analysis lessons on the 3 minute timframe for the GBP/JPY and the importance of the support and resistance indicator for MT4/MT5.