OctaFX | OctaFX Forex Broker
Open trading account

EUR/JPY sitting flat right now

The following EUR/JPY set-up, outlined from an hourly perspective, consists of a weakening technical structure accompanied by very low volatility.

Recent trading has been happening below the 50 exponential moving average, a bearish condition which, should it persist, would make more SAR indicator dots appear above the prices. Low volatility will eventually switch to higher. However, with reversal signals currently absent in the SAR for more than 16 consecutive hours, risks remain statistically higher for the selling to dry up and for a counter move to ensue in EUR/JPY.

Since this set-up is usually associated with the formation of gently downward sloping channels, the first resistance to challenge on the upside is the potential channel top.

“France it at war”, ECB QE expansion in question - Rabobank

Michael Every, Research Analyst at Rabobank, notes that in response to Friday’s attacks, French President Hollande is to invoke the EU’s ‘mutual defence clause’ (42.7 of the EU Treaty) for the first time.
Read more Previous

Economy still faces relatively big downward pressure – China’s Xi

China’s President Xi Jinping is now crossing the wires via Reuters, talking up the Chinese economic prospects while warning that the economy still faces huge downside risks.
Read more Next
Start livechat