Seems issue about brexit still become big issue in the world especially among trader, many forum discuss about brexit ad impact to gbp also euro
Imo, the markets are grossly underestimating the chance of Brexit. Maybe the reason is most players are hedged. But if not, and the UK votes to leave, well, fasten your seatbelts.
..."It is not a third pillar of monetary policy," she said. "We do not target the level of stock prices. That is not an appropriate thing to do."... http://www.cnbc.com/2016/06/22/fed-...opeful-that-economic-growth-will-pick-up.html
Automated systems people probably cannot go to sleep tomorrow tonight. I don't trust what others say about the time: "...Unlike normal general elections there won’t be any exit polls at 10 p.m. London time, or 5 p.m. Eastern Time, when the voting stations close, so anyone nervously waiting for the outcome will have to stay awake and watch for local results to trickle out overnight. That’s because none of the British broadcasters have commissioned any exit polls because of concerns over accuracy, according to the Telegraph newspaper. Read: The Brexit vote: Everything you need to know about the referendum The final result is expected around “breakfast time” on Friday morning, according to the Electoral Commission, but the outcome may become clear earlier than that as the bigger electoral regions start to announce their votes. The 382 local counting areas vary hugely in size, so results from many of the smaller ones are expected earlier in the night...." http://www.marketwatch.com/story/when-will-we-know-the-result-of-the-brexit-vote-2016-06-21
I don't currently trade GBP/USD, but I am testing a model into Brexit event. For that, it helps to know key S/R levels. I am not a chartist, but here is what I am hearing from others: Key Levels GBP/USD Support 1.4000 then 1.13800 then 1.3500 Resistance 1.4700 then 1.5000
If look on the chart, gbpusd now in bullish strong, since monday morning this pair mobe with large pips everyday, now this pair move more than 400 pips already and still strong bullish
A ten to twenty handle spike up in ES with no trades in between if results begin to spread towards remain.