Something to do for traders
The GBPUSD has extended the range by making the session lows in the GBPUSD. What was 51 pips, became a 56 pip trading range about an 1 1/2 hours ago. A correction to test the 100 hour MA found sellers near the MA level (blue line in the chart below), and now we are seeing the range extend to 67 pips. The average trading range over the last 22 trading days is 109 pips, so there is room to room, but steps may be small. There simply is not a lot of activity.