- ORB Brexit poll: 53% remain, 43% leave
- YouGov Brexit poll: 42% remain, 44% leave
- NatCen Brexit poll: 53% remain, 47% leave
No data, no problem! Forex pairs were still on the move despite the lack of top-tier releases during the U.S. session, as traders zoomed in on Brexit polls.
More Brexit polls – Now that the EU referendum is just a few days away, market watchers are looking at poll results more closely to have an idea of whether it’ll be a Brexit or a Bremain. So far, the numbers are still mixed, although there’s a slight lead in favor of the remain camp.
The ORB Brexit poll showed that 53% voted to remain while 43% voted to leave. The YouGov Brexit poll painted a different picture, with 42% voting to remain and 44% voting to leave, while the NatCen Brexit poll showed that 53% voted to remain while 47% voted to leave. It’s still too close to call but if you’re planning on playing this event, make sure you read Forex Gump’s 5 Things to Remember When Trading the Brexit Vote.
Major Currency Movers:
GBP – Because the focus was mostly on the Brexit polls, the pound was one of the biggest movers for the day as it typically rallies on a lead for the “stay” camp and retreats otherwise.
GBP/USD carried on with its climb and tested the resistance at the 1.4700 major psychological level, GBP/JPY turned from a high of 153.65 but still hasn’t closed the weekend gap, EUR/GBP dropped from the .7750 area to a low of .7695, and GBP/AUD rallied to a high of 1.9738.
JPY – The yen flexed its muscles for the most part of the trading day, filling the weekend gaps against some of its counterparts.
USD/JPY tumbled from the 104.50 area to a low of 103.60, EUR/JPY found resistance at 119.00 and is down to 117.55, AUD/JPY fell from a high of 78.16 to a low of 77.50, and NZD/JPY gave back its gains upon testing 74.50 and is down to 73.87.
Bonnie and Clyde, peanut butter and jelly, Kanye West and Kanye West. Some things just go well together.
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