TradingView
Proszi
Oct 20, 2019 4:40 PM

Brexit Delay = SHORT [Fundamental Analysis] Short

British Pound/U.S. DollarFXCM

Description

It is safe to assume that once the market opens (and this includes other GBP pairs as well), the market will start showing bearish pressure due to the news over this weekend. Once again, we saw the British parliament defer Saturdays vote in order to have more time to study the details which forced Boris Johnson by law to request an extension from the EU (even when he said he wont do so).

Good luck to everyone who went long over the weekend... it's gonna be one hell of a volatile start of the week.
Comments
georgeh834
I agree, it is a tough call, I think the market will take some profit since the last few days run up. we could see 1.2750 by Monday NY time.
More