GBPUSD extends to new highs

Technical Analysis

Author: Greg Michalowski | gbpusd

Will not guarantee no-deal

The GBPUSD is extending to new highs as May stands firm on not guaranteeing a no deal.  
The pair is moving away from the 100 hour and 100 day MA at 1.2885 and 1.2890 respectively.  The high reached 1.29096.  The next target is the 1.29295. Risk is the 1.2885 area now.  Buyers are taking more control. 

Will not guarantee no-deal
PM May says that she is seeking to resolve issue of backstop with EU.  
When asked, declines to rule out extending Artilce 50
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