GBP/JPY showing very low price volatility across several time frames.
Intraday and daily GBP/JPY ATR measures, up from 30 min, simultaneously shrunk to levels not seen in the past four weeks of trading. Markets with extreme low volatility do not perform well because they have less direction for trend following and less volatility for mean reversion. It is advised to wait for an expansion of volatility before entering GBP/JPY.
GBP/JPY momentarily out of favor
(Market News Provided by FXstreet)