timwest

GBPJPY vs SP500 -Daily - CRAZY Identical for more than a year

Long
FX:GBPJPY   British Pound / Japanese Yen
5
Just as the AUDUSD had a remarkable correlation that lasted many years, this correlation is the new, hot pair. Oddly enough, now I will feel compelled to watch this unusual pair and see what I can learn and derive from it's existence. By the way, I learned of this from a neighbor and I can't take credit for finding it but I'm happy to hear your thoughts on what it means and whether it will continue to correlate or not.

I'll call this a "long" position for GBPJPY to catch up a little to SPY . The SPY is pushing new highs over these past few months while GBPJPY is making sideways price action since Year-End 2013.

There are notable differences in the charts and I hope that the markets don't keep just blindly following each other.

This also reminds me of AMZN and AAPL , right before they went different ways.




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