Everyone’s got a slightly different interpretation of pretty much everything, and ‘gap closing’ is no different. Some will be satisfied that the market moved back to 1.3750, which was the Friday night low in NY, whereas others will insist that the market must trade back to the NY closing level from Friday, in order for Monday’s opening gap to be completely closed. That level is 1.3780.
Near enough is good enough in my book and I’m not going to get too excited about 30 pips.
