Only charts

German foreign minister Maas says on twitter: 1. we must do everything to avoid a hard brexit 2.leaving the European union means leaving the union , no Cherry picking . 3.draft brexit treaty is fair basis for orderly departure of britain from EU. Eur/Usd is currently trading at 1.1380$ area after finding support at 1.1330$ , Also Gbp/Usd rallied from 1.2478$ to 1.2670$ area on back of Theresa may victory last night, the pair is currently trading at 1.2660$ and has tough resistance at 1.2720$ However , Theresa may will not last long . Maybe we will not have brexit at all .

austria's bluemel says deal on the table is the best possible solution, not a good idea to re-start negotiations . Todays key event is the unemployment report; as of now, the unemployment rate in the uk stands at 4.1 percent and median estimate suggests it is likely to remain same. gbpusd is currently trading around 1.26$ , next resistance lies at 1.2640$ followed by 1.2670$ while support lies at 1.2540-60$ . Theresa may postponed the vote of parliament on brexit deals she had with brussels and donald tusk stated that this deal or no deal , looks like there will be no more negotiations and we are very close to no deal or may be canceling brexit at all which only needs decision from the uk without getting back to european union. Personally , I expect there will ve no confidence vote soon or theresa may will resign first.

Maybe in medium term , we will see gbpusd trading at 1.32$ levels again. And in short term , the pair is still supported and maintaining the bullish look after its recent correction to 1.3030$ The pair still didnt fill the gap ,and as previously advised in previous post , it is recommended to go long at current level 1.2880$ area.