146 pips respectively.
GBP/JPY and GBP/CHF are apt for the risk lovers. These two pairs
have an average daily range of more than 140 pips and can be used to generate a huge amount of profits in a short period of time. Such high volatility for the two pairs reflects the peak of daily trade activity as large
participants are about to complete their cycle of currency conversion
around the world.
London hours are directly connected to both the U.S. and the Asian sessions; as soon as large banks and institutional investors are finished repositioning their portfolios, they will need to start converting the European assets into dollar-denominated ones again in anticipation of the opening of the U.S. market. The combination of the two reconversions by the big players is the major reason for the extremely high volatility in the pairs.
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