Juncker: Fears PM May's government will collapse without a Brexit deal

Author: Greg Michalowski | Category: News

UK's Telegraph

The UK's Telegraph is out with a story saying May's government will collapse next week without a break to deal. (CLICK HERE).

The GBPUSD is down from 1.3396. It currently trades at 1.3377. The low reached  1.3372 so far. 

Technically, the low in trading in yesterday's session reached 1.3356. The 30.2% retracement of the move up from the November low comes in at 1.3354 (see chart below).  Below that the 1.33368 level was a swing high going back to October 13 and again on November 23. Finally the 1.33234 level is the 100 bar moving out of the four hour chart.