Morning folks There were slim pickings this morning on the...

Morning folks

There were slim pickings this morning on the weekly FX gaps. All 9 gaps closed already. Only 1 out of 9 opened with a gap > 10 pips (USDJPY) & only an additional 1 gap opened out to > 10 pips before it closed (AUDJPY). The spreads prior to 7am were terrible so there was only a brief opportunity just after 7am to trade either of the 2 gaps above with a decent spread. Unfortunately I was out at 7 so missed both. Data below:



The 3 GBP gaps from the Brexit weekend (Monday June 27th open) all remain open, and if anything widened again last week. So these remain potential trade opportunities at some point in the future when a definitive event/move changes the dynamics to start driving the pairs towards gap closure.

Cheers, Sharks.