France’s Macron: Brexit choice is simple. No new negotiation

France’s Macron: Brexit choice is simple. No new negotiation

Reiterates others thoughts saying take it or leave it…..

He adds:

  • British must explain what Brexit delay would bring
  • Any Brexit delay mush have a purpose
  • Any Brexit solution to Brexit is in London, world not waiting.
The GBPUSD reached just shy of the low of the next target at 1.3131-41 (the high reached 1.32302 – see last post).  Sellers against that area are hoping for an end of the trend. Looking at the 5-minute chart below, the pair’s last run higher took the price from 1.3173 to 1.3230. IN the process, the pair did move above the 1.3200 level and a topside trend line at 1.3210 now.  The 50% of that move comes in at 1.3202. If the high is in place against the next target, a move below the 1.3210 and then the 1.3202 (calll it 1.3200) is needed. Without it, the buyers are still more in control intraday.


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