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Good morning, dear traders! I present to you a trading idea for the GBPUSD pair.
Yesterday, another "historical" vote on "Brexit" took place yesterday, in which once again something went wrong. I was wondering if the Soviet Union would fall apart as long and painfully as England with the European Union – the world would go mad!
Yesterday, the British House of Commons in the second reading approved the "Brexit" bill, supporting Boris's agreement with the European Union last week. On the news, the pound grew slightly to a round level of 1.3. Boris Johnson proposed to expedite the review of the document within three days and approve it tomorrow. Otherwise, he promised to withdraw the agreement and organize early elections. And what do you think? Parliament voted against this offer. After that, the pound collapsed by 1200p.
Again, uncertainty hung over the situation around the long-suffering "Brexit." The fear of the elections intensified, and talk of a referendum is in the press again.
On these facts, I propose a trading idea. The fact is that the vote took place late in the evening, and in fact was unsuccessful. The market reacted negatively. But European banks simply could not work out this news, because they were closed at this time. And I think that they will do it today with the opening of the European session. I suggest working to lower the GBPUSD pair in order to update the trading levels of 1.28350 and 1.27500.
Good luck with trading and see you at the evening review!
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