#3 Characteristics Past 3pm GMT (11pm SG time, once the European session ends), the Forex market goes to sleep. Liquidity and volatility tend to drop, resulting in slow price movement and the possibility of prices being range bound. This phenomenon is particularly felt on Friday’s afternoon sessions where traders across the globe shift their focus to non-trading related activities. So, go out with your friends or spend time on your hobbies on Fridays, the eve of major public holidays (in Europe and the US), and on the holidays!