GBPUSD Pre-Election Orderbook
Updated
Expecting and range of 1.25-22 on the wide.
Neutral on direction
Expect tests to the upside first. Breaks below 1.2380 confirm moves to the downside
Neutral on direction
Expect tests to the upside first. Breaks below 1.2380 confirm moves to the downside
Comment
Price went to 1.2380 and below without testing the upsideEURGBP higher which implies EURUSD is more likely to test the upside than GBPUSD
Trade closed manually
Price capped by offers at 1.2540Order books very thin. Curious that price hasn't/didn't test 1.2350 and 1.2320. Most likely explanation would be that bids at 1.2350 from 7 Nov still active.
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