Glossary

P

POINT, PIP

A minimum change in currency rate. For the majority of currency pairs (EURUSD, GBPUSD, USDCHF) one point equals 0.0001, for USDJPY — 0.01.

PULLBACK

Change in price movement direction after its sustained growth or reduction, when market players believe that the reached price is too high or, vice versa, too low.