200EMA in play
Price is sat under the 200EMA and there is a key pivot point below at 1.2382.
The short expectation is this:
Boris loses: GBP rallies (up to 100EMA) as first target
Boris wins: GBP falls (down to 1.2382 pivot point) as first target
The difficulty with this is as a trade is that Brexit politics are, in the words of Winston Churchill which he made in a radio broadcast in October 1939:
" a riddle, wrapped in a mystery, inside an enigma"
So, I cannot get a proper handle on what the moves are going to be here aside from the very first snap reaction . There may be a new sentiment that emerges from this, so we will watch and learn.
However, for now, it is the time of the Judges where, 'every man did as he saw fit'. I'm on the sidelines for this - how about you?
