pezq
Short

The UK General Election and The Uncertainty Principle

FX:GBPUSD   British Pound/U.S. Dollar
91 0 3
Can cable be in two places at the same time? Short on uncertainty and long on rate expectations? The markets simply dont like uncertainty and the mix in this UK election is particularly toxic and hard to predict. A similar thing happened in the Scottish Referendum. If Cameron wins then UK faces another referendum, this time on EU membership. What about UKIP and the SNP? What about an unholy alliance of Milliband and Farage? I drew this chart as a matter of course and was surprised (although perhaps I shouldnt have been) where the end points finished. Friday May 8th.
My targets are .25 at 1.4749 (reached) followed by .382 at 1.46.15, .5 at 1.4535, .618 at 1.4457, .75 at 1.4371 and target at 1.42.
The first Gann box has moved into slightly the wrong position but it makes no difference to the second (current one) for completeness here is a snapshot of the correct one
snapshot
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