Brexit madness as Plan 'B' heads onto view
It's a mess. Ok, markets rallied that a no-deal plan seemed less likely, but that was only because the whole deal May came up with was seen as unworkable (Not that anyone else could have easily done better). So, now the GBPUSD has nestled up to the 200 EMA on the daily chart and paused.
For those traders expecting some more GBPUSD selling, price has just broken through the R2 pivot point on the 1 hour chart below (at 1.2953) and next target down would be just above the 1.2900 handle where I would expect buyers off the 100 EMA on a first test, as Greg would say. Well, you know what they say, imitation is the greatest flattery there is.
