This Monday, 25th August, is a public holiday in the U.K. The U.K. is the major financial center driving volume in the Forex market, so we can expect this day to have very low volatility and price movement.
This British holiday is in honor of nothing in particular, except the end of the traditionally disappointing British summer, and is intended to give those islanders one last chance to get an extra day of sun. Unfortunately for them, Murphy’s Law usually ensures that it rains all day.
Due to the anticipated lack of volatility, we do not recommend opening any new trades whatsoever until 8am Tokyo time next Tuesday, 26th August. It is of course acceptable to close trades, as if a stop loss is exceeded during such a slow period, it would be very likely to also be exceeded during an active market.
A possible exception might be trading those currency pairs that do not include the GBP or the EUR, provided such trades are entered after 8am New York time. As always, extreme caution should be exercised before entering any trades on such a holiday.
Please be aware that most retail Forex brokers will allow trading during normal market hours this Monday, 25th August. Those based in the U.K., however, may have somewhat curtailed customer support. If you can possibly wait or avoid requiring active support from your broker over this period, you should eventually receive a more prompt and convenient service on the following day.