TraderSQUAD

GBPUSD Pre-Election Orderbook

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
129 0 4
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
Comment: Price went to 1.2380 and below without testing the upside

EURGBP higher which implies EURUSD is more likely to test the upside than GBPUSD
Trade closed manually: Price capped by offers at 1.2540

Order 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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