OctaFX | OctaFX Forex Broker
Open trading account

GBP/JPY sees its volatility dampen

Outlined from an hourly perspective, GBP/JPY's set-up consists of an upward trajectory coupled with extremely low volatility numbers.

Usually associated with the charting of narrow ranged channels, there is an increasing probability for volatility to pick up again and, in view of the abated upside momentum, for price to roll over and start a down move.

In its search for a new fair value beyond the confines of the consolidation, there is potential to move towards the 200 EMA once the immediate support represented by the 50 EMA is taken out. On the upside, an acceleration above the recent highs would have the potential channel resistance as a first hurdle.

EUR/JPY: Bulls extending recovery on key support

The cross in the EUR/JPY extends its gradual recovery mode in mid-Asia, with the bulls clings clinging onto the strong support located near 135.30 region, the confluence of 20 & 50-DMA.
Read more Previous

JPY shorts going down - Nomura

Yujiro Goto, Research Analyst at Nomura, notes that the JPY short positions at IMM remain small as of last Tuesday, even though BOJ easing expectations among researchers have increased from a month ago.
Read more Next
Start livechat