The Brexit Talk over Lunch - GBPJPY Trading Plan

First of all, I have no idea how the outcome of this lunch will be reported. Bloomberg TV on, Ransquawk on, Forexlive.com on, fxstreet on.. etc etc. I do what I can. But my plan is clear, any reports on a deal have been strucked with EU over the divorce bill.. I will be buying Sterling. Vice versa if there is no agreement or negative outcome on the deal. I have a slight suspicion that the market have priced in of a deal have been strucked so there might be more move to the downside that is to the upside but the targets I mark for the upside move is still within the pair's average daily range.

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*Infact, any negative news on Brexit, shorting GBP against the Dollar is as good as well.

Trade stängt: målet nått