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how to read pips for currency pairs

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    how to read pips for currency pairs

    Hi Jason,
    can I confirm clarify again with you regards these charts how I`m reading the pips (as I understand it a pip is the minimum increment change in a price)..

    Here the AUD/JPY , is 85.30 to 85.32 a 2 pip change?
    or is that a 20 pip change?

    Click image for larger version

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    if the above is a 2 pip change then the smaller increments are 1/10th of a pip?
    such as 85.31'6 to 85'31'7 correct?

    Click image for larger version

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    On the non JPY pairs, such as GBP/USD, changes are in 10,000ths of a fraction, or 4 decimal places.

    so 1.5145 to 1.5146 is 1 pip or 10 pips?

    Click image for larger version

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    because zooming in gives me more divisions
    is 1.5143 to 1.5144 a 1 pip change or 10 pip change, with the divisions being 1/10th of a pip?


    Click image for larger version

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    #2
    Hello jitterbug,

    This is a 2 pip change.

    Yes, the 3rd decimal for AUDJPY is 1/10th of a pip.

    This is 1 pip.
    JasonNinjaTrader Customer Service

    Comment


      #3
      Thanks Jas !

      Comment

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