Only charts

Theresa May will take the leadership challenge today between 16:00 and 18:00 GMT. News of no  confidence vote surfaced today by bbc. Last period has been tough on her and British people as well , who are now confused and not sure about their future in European bloc. Theresay May postponed the vote on brexit deal last Monday and she went to Brussels for more negotiations which was rejected by Donald tusk and Angela Merkel. Gbp/Usd is currently trading at 1.2540$ after falling to 1.2478$ last night. The pair is under alot of pressure with all of this brexit news flow. Next resistance for the pair lies at 1.2580$ , followed by 1.2640 then 1.2720$ . on the downside 1.2510$ will provide support  for the pair followed by 1.2480$ , yesterdays low.

Unemployment data came as expected which shows there is no damaging effect  from brexit and sterling rallied almost 40 pips to 1.2640$ completing the recovery from yesterday's low at 1.2503$ . However the rally stalled at previous strong support , now a strong resistance, 1.2640$ area. The pair is expected to retrace from here to below 1.26$ again. If we break above 1.2660$ , we might reach as far as 1.2720$ You may risk going long from 1.2560$ area with stoploss on 1h candle close below 1.2540$ . Brexit news will remain the main catalyst for sterling moves and market volatility .

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

Do you think gold has bottomed at 1196$ ?! definitely , and its first resistance area to break is the 1235$ . The rally from 1196$ to 1223$ at the time of writing is technical driven , however the catalyst was brexit deal news , cabinet support and ministers resignation. Would that rally vaporize anytime soon?! Nooo...big no , for real. Soon enough we will see 1250$ . dont get trapped shorting the precious metal before 1500$ is seen ... Be a friend to the trend if you wanna make some money trading gold in 2019.

Theresa may addresses the parliament after the resignation of many of her ministers over brexit deal which is described to be a disaster splitting the nation. I think she might resign as well before being ousted!!!!

$gblusd fell almost 100 pips on the news and I am sure it will bleeding more pips for the rest of the day... Updates on brexit deal will follow.