Morning folks Slim pickings today so far on the opening FX gaps....

Morning folks

Slim pickings today so far on the opening FX gaps. Out of the 10 pairs on the watchlist, 8 opened with gaps, all of which were less than 10 pips, which with spreads until 7am made them untradeable. All but 3 gaps are now closed - only the AUDJPY, USDJPY & GBPJPY remain open. The GBPJPY remains untradeable due to the high spread, the other 2 offer gaps of just over 10 pips - I've taken a trade on the USDJPY just to make getting up early this morning worthwhile.



Pre-existing gaps:

1. The 3 GBP Brexit weekend gaps remain open, although the GBP has been gaining strength last week and these gaps have closed somewhat, although still plenty to go before they close

2. The GBPJPY gap from 2 weeks ago. Still open further, trending open strongly last week. I've had to take out another long position so currently I have a neutral position (which is in a loss atm), and will wait for confirmation of a change in trend before adjusting my position

3. The GBPJPY gap from last year that I found last week will remain for some time (possibly years?), although of course it is on the opposite side of current price to the gap of 2 weeks ago.

Cheers, Sharks.