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SAR still trailing the falling GBP/JPY rate

We see an injection of volatility in the already heavy looking GBP/JPY pair.

The washout in today's trading has expanded the Bollinger® bandwidth indicator for four consecutive hours beyond the maximum width seen in a week of trading. Moreover, the same 1hr charts show recent close prices printing below the 50-period EMA, a bearish condition that should it persist, would help keep the SAR indicator trailing above the price.

A change of direction would be quickly noticed by the SAR, implying GBP/JPY shorts are taking profit. Risks exist the volatility and the plummeting price action extend to higher time frames.

Market wrap: major risk-off - Westpac

Analysts at Westpac offered a market wrap. Key Quotes: "Global market sentiment: US equities fell overnight, the S&P500 down 0.9% currently. The bea
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EUR/USD holds near 1.0700, unchanged for the day

EUR/USD is consolidating slightly below the 1.0700 handle, at the same level, it closed last week. During the American session...
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