Tuesday, August 5, 2008

More Sunday gap follow-up from 8/3/2008...

EUR/USD gapped 25 pips and closed within 30 hours.  It should be noted that there was a 70 pip move upwards before closing (ha, which took out my stop in the process).

EUR/JPY gapped 18 pips and closed within 2 hours.

GBP/USD had a small 10 pip gap upwards which continued to climb up another 15 pips or so before heading down and closing on the third hourly bar.

NZD/USD had an 18 pip gap which closed on the third hour bar.

USD/JPY had a small 6 pip gap which quickly extended against the gap, offering up some pips...the gap closed on the eight hour bar.

That's it.

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