ridethepig
Short

April showers for PM May

FOREXCOM:GBPUSD   British Pound / U.S. Dollar
Brexit remains a deer in the headlights. Warning signals from Junker over the weekend that their patience will not last forever. For those who are tracking our timeline we are here: 1st April 2019 “Indicative Votes (final)”

As expected last week the "meaningful vote 3" failed to find support and we are running the clock down into extra time...as things stand we are headed for no deal unless the brexiteers hand can be forced... time is running out, the final whistle is almost here.

From a technical perspective, the ebb and flow inside the middle of the range continues, a break below 1.265 will add pressure towards a decline through support towards 1.21 and 1.20.

To the topside, anything above 1.295 will provide a chance for further "sell the rally" opportunities in our infamous loading zone.

Best of luck and we will be covering the next vote live in the room.
Trade closed: target reached

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