Possible quick profits on a short position, but the trend is generally upwards. The gap could get filled quickly followed by a return to the upside due to increased sales of surgical masks in the COVID-19 pandemic.
The Ashtead Group share price recently gapped up, and I expect based on previous gap fills for this gap to get filled in the next few days, giving investors the opportunity to short sell the stock for profit.
My current BIAS for USD/JPY for the upcoming week is NEUTRAL.
My reasoning behind this is
-We are currently rejecting a previous Weekly Support.
-We have gapped around 45 pips in the market.
-We will be looking for the gap to refill as usually when a gap is made in the market after market opening we tend to see price revisit previous price before then...