Hello traders well the time has come today June 23rd is the big day for the UK to vote on there referendum to stay or leave the EU. The po;;s are crasy I feel no one has any idea what is going to happen. I see it as they will remain in the EU. I found it very interesting that the UK will not allow any exit polls during the voting times, I feel that is so crazy. So I chose to look at the GBPJPY as it was not a dollar pair and I felt it would be neutral.
Traders this is a very HIGH RISK TRADE with the vote in progress.
I have placed support and resistance on the chart as you can see so my bias is bearish on this pair and looking for the pull back to the price level of 157.00 and we can look for a nice sell entry with conformation. This trade looks like this might happen late in the NY session at the London close depending on the comments if they vote to stay in the EU.
I am looking to hold this position for like 24 hours and take profit at support at the support zone and the 200 EMA at the price level of 152.50.
Thank you traders and we will talk soon, Enjoy this crazy show today I will not be live trading myself to high of a risk…….William