CodeAndQuant

GBPUSD Order Book London Open

Short
CodeAndQuant Updated   
FX:GBPUSD   British Pound / U.S. Dollar
May see moves higher into 1.3330 and 1.3400 but the book looks offered with heavy stop losses at 1.31
Comment:
Stops at 1.3330 hit for a 1.3339 pin bar high

Will review at tomorrow's open
Comment:
Move into first target @ 1.3220 seen at the open

We still have stops at 1.3110 with bids ahead at 1.3170 and 1.3150 (current levels). Not much in the way of stops above 1.3240 so purely from an orderflow perspective odds are we go lower into 1.3100.
Trade closed: target reached:
1.3113 bid seen. Close enough
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.