3. How to Read Quotes
Quotes are usually showed in 5-character number. For example, USDJPY = 114.90 means that 1 US Dollar is equal to 114.90 of Japanese Yens (i.e. for 1 dollar you can get that amount of yen upon buying and selling). Besides, GBPUSD = 2.0252 means that 1 British Pound is equal to 2.0252 US Dollars. In general, of the quote XXXYYY = Z, it means that you can get for one XXX unit Z units of YYY.

When the quote is changing, e.g. USDJPY = 114.92 to USDJPY = 114.93, or GBPUSD = 2.0254 to 2.0255, the price has changed by one point. According to the above mentioned, in this example Yen got DEPRECITED by one point, and Pound APPRECITED by one point.

According to the above mentioned, only the charts of Euro (EURUSD) and British Pound (GBPUSD), i.e. currencies with “direct” quote, reflect the real price movement (i.e. chart goes higher – the price is higher), and the appreciation ((i.e. chart goes higher) for USDJPY and USDCHF (currencies with “reverse” quote) means not increase, but decrease of its quotes (price).