Only charts

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.

The chart says that we have a rising trendline . usdjpy still finds support near the trendline and it is also area of horizontal support for the pair. Long positions can be opened with stoploss on 4hour candle close below the rising trend line and take profit around 113.30¥. A break below the trend line will open the way for a test of 109.70¥ where it will find some support on the daily chart.

GBP/USD rallied to 1.2840 and reversed sharply to trade now at 1.2720$ . Brexit vote in the house of commons will be on 11 dec. And it will be terribly volatile afterwards. Check out the diagram below to find out the possible scenarios from the brexit vote on dec. 11 , anyway before then I am sure sterling will visit 1.25$

Mayor of london has tweeted : "I’m standing up for Londoners by backing a public vote on the final Brexit deal. #peoplesvote" Do you think we might have a second referendum on brexit or we will struggle with the consequences of no brexit deal ?

Post brexit minister Raab resignation and possible no confidence vote for theresa may , there is a lot of stress on sterling against the us dollar. So what is the price target for #gbpusd? We have only two support areas . first we have 1.2720$ , followed by 1.2540$ ... A price not seen this year so far . Your stop loss should be around 1.2960$, which will be big hurdle/ resistance area for cable to break.

This post is for day traders exclusively ; You can buy #gbpusd now with stoploss on 5 min candle close below 1.2837$ , your target should be 1.2856$ , 1.2882$ . You can re- enter again if the pair reaches 1.2880$ and makes a correction to 1.2845$

GBP/USD rallied over night from 1.3020$ to 1.3085$ and currently trading at 1.3057$ . Any reversal for the pair will have the pair supported at 1.2975$ , the pair will be still bullish over this area and it is recommended to buy any dip for the sterling , however be careful as the volatility is expected to continue over the coming 2 weeks. " i believe it will more bullish than bearish and we will visit 1.32$ soon" I advised a long trade last Friday at 1.2950$ . Keep following for updates and for trade recommendations , my twitter handle : @b4borio

Only if it closes above 1.2720$ on the 1h chart and i think this is gonna happen soon The pair is extremely bearish and there is no sign of upward correction as long as we are below 1.2720$ ... Buy and hold for 1.28$ handle. Resistance areas : 1.2750, 1.2830,1.2925