I think that your correction makes sense. I hope that using this term in my analysis won’t affect someone’s trading, as I don’t use the schemes called ‘Gap trading strategies’, and they obviously mean retail Forex gaps, but not those liquidity gaps mentioned by you.
So, I hope that this conversation will make clear it to other people who will visit this thread, as I surely don’t want someone to lose money because of my technical analysis 
GBP/USD has grown by more than 400 points during the last week. Usually, there is a technical correction after such strong movements. The demand for the US dollar remains at a fairly high level. GBP/USD is consolidating now. I plan to sell the pair, if it fixes below the 1.3565 local support. It may move to 1.3475.
Aggressive sales were observed on the AUD/USD pair yesterday. The chairman of the RBA said that the Central Bank won’t rush to raise the interest rate. I don’t exclude a technical correction in the near future. I’ll buy the pair, if the price fixes above 0.7955. It may move to 0.7990.
The bullish sentiment prevails on AUD/USD since the end of the last week. It is consolidating in a rather narrow range now. I expect the further drop of the AUD/USD quotes. If the price fixes below the 0.7950 local support, I’ll sell the pair. The goal for taking profit is 0.7910.
Aggressive sales are observed on EUR/USD. Angela Merkel was re-elected for a fourth term. At the same time, the German Chancellor’s party suffered significant losses in comparison with the past results. The price is testing the 1.1870 support level. If EUR/USD overcomes this mark, I will sell. The pair may move to 1.2825.
Geopolitical risks on the Korean peninsula worsened again. It caused an increase in the demand for safe assets. The bearish sentiment prevailed on USD/JPY yesterday.
The pair is consolidating in the 111.50-111.75 range at the moment. I expect the further drop of USD/JPY.
I’ll sell it, if it fixes below 111.50. The pair may move to 111.10-111.00.
USD/CAD is dominated by purchases now. The demand for the US dollar remains at a fairly high level. Some Fed representatives said that the US economy is stable. The central bank may consider another increase of the interest rate this year. The probability the monetary policy tightening by the Fed is more than 70%. I plan to open deals in the current trend direction. I’ll buy USD/CAD in case of the breakdown and retest of the 1.2390 mark. The pair may move to 1.2450.
The Fed chairman supported the US dollar yesterday. Janet Yellen said that a gradual increase of the interest rate would be appropriate, despite the low inflation level in the country. The demand for USD has grown significantly. The probability of the monetary policy tightening in December 2017 exceeded 75%. At the beginning of this month, the figure was less than 40%.
I expect a bullish sentiment of USD/JPY in the near future. The price has overcome the 112.70 key resistance. I will buy the pair after the retest of this mark. The potential of the move to 113.25.
There are aggressive purchases on USD/CAD today. The price is testing the 1.2400 round level. I expect the further growth of the quotes. I’ll open long positions, if the price fixes above 1.2400. The pair may move to 1.2450.
Aggressive purchases were on USD/CAD yesterday. The head of the Bank of Canada said that they won’t rush to raise the interest rate this year. The Central Bank is concerned about the significant strengthening of the Canadian dollar. The key trading range is 1.2470-1.2515. I don’t exclude a technical correction in the future.
I will sell USD/CAD, if the price fixes below 1.2470. The pair may move to the 1.2410 mirror support.
I’ll buy it in case of the breakthrough and retest of the 1.2515 local resistance. It may move to 1.2550.
NZD/USD is dominated by bears since the beginning of this week. I expect a technical correction now. The price kept the 0.7165-0.7180 local demand zone. I’ll buy the pair, if it fixes above the 0.7210 mark. The pair may move to 0.7250-0.7260.
There is a correction on GBP/USD now. It seems to me, that the trading instrument has the potential for further declining. It may reach the 1.3300-1.3275 level in the medium term. A weak UK GDP report was published recently. The annual growth of the country’s economy in the second quarter was revised from 1.7% to 1.5%. This statistic pressures the pound. I’ll open short positions, if the price fixes below 1.3365.
An ambiguous pattern emerged on the AUD/USD currency pair. It is consolidating at the moment. I identified the following key levels and will open positions from these marks:
support: 0.7835, 0.7800
resistance: 0.7860, 0.7885
I’ll sell AUD/USD, if the price fixes below 0.7835 mark. It may move to the 0.7800 round level.
I’ll buy, if the price fixes above 0.7860. The goal for taking profit is 0.7885.
The bearish sentiment prevails on AUD/USD now. The price is testing the 0.7820 local support. I plan to open deals in the current trend direction. I’ll open shorts, if the price overcomes the 0.7800 round level. It may move to 1.7750.
I’m waiting for a correction on NZD/USD that has retained the 0.7165 key support. Bullish Engulfing, a classic PA pattern was formed on the H1 time frame. I’ll buy the pair, if it fixes above 0.7210. The goal for its movement is the 0.7250-0.7260 range.
GBP/USD has reached the 1.3275 mirror level on the D1 time frame. I don’t exclude emerging of a bearish sentiment.
My fav PA reversal formation, the divergence of price and MACD appeared on the M15 time frame. I’ll buy GBP/USD after it fixed above 1.3285. The pair may move to 1.3325-1.3350.
Buyers prevail on USD/CHF. I’ll wait for the retest of the 0.9740-0.9750 levels. I’ll buy the pair, if it retains this zone. It may move to 0.9785-0.9800.
I expect a correction on GBP/USD. An optimistic statistics on the business activity in the services sector of Great Britain was published recently. The currency has retained the 1.3235 support level. I’ll open long positions, if the pair fixes above 1.3285. It may move to 1.3325-1.3350.
I expect a bearish sentiment on AUD/USD. It has retained the 0.7870 local support. The asset in consolidating now. I’ll open shorts, if the pair fixes below the 0.7850 local support. It may move to 0.7830-0.7820.
I also recommend paying attention to the preliminary report on the labor market from ADP and the index of business activity in the US non-manufacturing sector
Aggressive sales were observed on AUD/USD. It is caused by releasing a weak statistics on the Australian retail sales. I think that the pair has the potential for the further declining. I’ll wait a correction to 0.7840-0.7850 and sell AUD/USD after it reaches that zone. It may move to 0.7820-0.7800.
