Sterling falls to 1.26$

Sterling falls more than 100 pips on the news of theresa may heading back to Brussels for the brexit deal.
Sterling was trading at 1.2725$ before the news and now trading at 1.2610$ , a level not seen since June 2017.
Next support for cable lies at 1.2560$ while resistance lies at 1.2640$
Volatility surges ahead of the vote on brexit deal. Take care and you better avoid trading any GBP pairs today

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GBP/USD rejected by trendline

The Pair rallied on Friday till it got rejected by trend-line on below chart on the 4h time-frame. it is recommended to sell the pair on testing the trendline, if broken , you should be on the buyers side till 1.2430-60 area . It is recommended to go long as well if the pair managed to retest the 1.2290 area which will be an area of intraday support for the pair .

Usdjpy analysis update

Dear traders , The pair broke the daily trend and the 200 DMA (daily moving average) and is currently testing a very important area as well which is 200 week moving average and weekly support area at 110.20¥ , which might support the pair and help it recover a modest recovery in short term to 112.20¥ The pair is seen trading between 105¥ and 116¥ during 2017 , it will be kind of range pattern rather than trending. It is still not clear wether the pair will maintain its pullish trend after trump victory back in november and its 1800 pips rally. So the pullback to 110¥ is very logical action and we might find more decline to 105¥ Choose your trading strategy wisely based on your trading behavior.

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