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High volatility but small price changes. That's how we can characterize September for the EUR/JPY. The pair rallied to a high of 116.35 then fell to a monthly low at 112.07. But the open to close price change was much less impressive at only 138 pips.
Our next chart below demonstrates my point more clearly. Notice how the EUR/JPY is slowly forming a triangle pattern. This means that the ranges are getting narrower and narrower. Thus I'm betting on prices slowly calming down in ever tighter range…
Our next chart below demonstrates my point more clearly. Notice how the EUR/JPY is slowly forming a triangle pattern. This means that the ranges are getting narrower and narrower. Thus I'm betting on prices slowly calming down in ever tighter range…