Monday Oct 3rd FX Gaps

Morning folks

Some decent size gaps open this morning, mainly the GBP pairs, but also on the JPY pairs as well. Out of 10 gaps on the watchlist 4 currently remain open (all 4 GBP pairs) with some still decent pips on the table. Since the 4 still-open pairs are all GBP I would only take a trade on one of those, so as not to be too highly leveraged on one currency. Given the size of the still open gaps I think it is prudent to apply normal TA rules in case it swings open further.



Last week's gaps all closed, including the AUDGBP which provided the only decent size gap on the watchlist last week. Other than that the 3 Brexit weekend GBP pairs still remain open are the only gaps from this year still open.

Cheers, Sharks.