At least 50 people were killed in an LGBT nightclub in Orlando called Pulse. This is a result of an attack by a man of Afghani origin who may or may not have carried the massacre in relation to jihadist ideology. The FBI is still investigating and a state of emergency has been announced in Orlando to aid the investigation. But markets don’t always wait for the actual facts to emerge but rather react instantly, when they are open of course. This horrific atrocity is attributed to a Muslim and to immigration. It certainly impacts the presidential elections in the US in November but there is also an election in 11 days: the EU Referendum in the UK. And while the killings happened across the pond, their impact will be felt also in Britain. The topic of immigration and limiting it has been hot on the agenda, especially due to the efforts by the Leave camp. They want the UK to regain full control of entries in the country and to limit immigration. Such a terror attack can have an impact. We already know that many Brits are in the “undecided” camp, which is quite large and can be influenced by the non-stop news. And, in recent weeks those campaigning for a Brexit gained some ground in the polls. The most recent poll on Friday showed 55% for Leave and 45% for Remain. While this is an online poll (consistently showing more support for Leave) and also one that does not include the undecideds, it had a dampening impact on the close on Friday. The “risk-off” sentiment on Friday meant a big plunge for the pound, with the euro following suit. The winners were the US dollar and the ultimate safe haven: the Japanese yen. More could be in store now: with markets speculating that this attack could push more people towards Brexit a relatively short time ahead of the polls, this could deal another blow to the pound and the euro, pushing the dollar and yen higher. The biggest move could be seen in GBP/JPY, and to the downside. More: Is your broker Brexit ready? The pair fell below support at 154 on Friday and the line switches to resistance. The next line of support is the low of 151.80. Further below, we find the round level of 150, followed by 148. The swings in this cross are quite wild. Here is the GBP/JPY hourly chart: Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next AUD/USD Forecast June 13-17 Kenny Fisher 6 years At least 50 people were killed in an LGBT nightclub in Orlando called Pulse. This is a result of an attack by a man of Afghani origin who may or may not have carried the massacre in relation to jihadist ideology. The FBI is still investigating and a state of emergency has been announced in Orlando to aid the investigation. But markets don't always wait for the actual facts to emerge but rather react instantly, when they are open of course. This horrific atrocity is attributed to a Muslim and to immigration. It certainly impacts the presidential elections in the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.