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Theresa May's plan has been rejected by a historical vote which was a record , 432 rejected the deal against 202 MPs. She admitted the loss , but apparently , she is not resigning . She has the delusion that she is defending the brexit vote . A second referendum is imminent or we may be blocked by a no-deal brexit which no one wants. May hasd spent months negotiating with the EU , that rejected deal and now there is a movement led by jeremy corbyn to oust her using the no-confidence vote. GBP/USD , however is still holding around the 1.28$ figure , it fell sharply before the announcement of the vote results but soon , it reversed sharply reaching 1.2890$ area. Now the pair is trading around 1.2850$ with next and critical support at 1.2820$ marked by the orange horizontal line. Buy anywhere near that area and hold. The pair is still volatile though and you should be careful and quit in case we close any 1 hour below that area around 1.2820$. 

Euro fell 100 pips , so is sterling and gold tumbled 10$ to trade currently at 1234$ . brexit news are putting alot of pressure on all currencies against the dollar. Keep selling the euro , sell it anywhere between 1.13$ to 1.1320$ with target 1.1120$ There is a big chance we will have a second EU referendum on brexit.

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 .

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.

Merkel, said after meeting british prime minister , theresa may , that there will be no more negotiations regarding brexit deal. That priece of news was enough to send both euro and sterling down more than 50 pips each. Eur/usd fell from 1.1370$ area to 1.1320$ and Gbp/usd fell from 1.2615$ to 1.2550$ area. Both are now sitting on critical support area which I think may hold strong . Eur/usd has been trading in a range for more than 2 weeks now from 1.1320$ to 1.1420$ , so a rising trendline and low of the range will provide support for the euro recovery . if failed to hold , there will mounting pressure on euro which will send the pair to 1.1120$ . while on the upside , 1.1360$ will be first resistance area for any rally followed by 1.1420$ . 

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 .

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.

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

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$

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!!!!

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.

Gbpusd opened lower with a gap almost 40 pips , currently trading at 1.2914$ ... The pair has strong support at 1.2885-1.2905$ area. You can long the pair at that area targeting a close of the gap. Ofcourse , the pair is down on the latest brexit news from the weekend. Brexit talks and the single market deal will stay as a catalyst for the pair. It is recommended to go long anywhere near current levels . Technically , The pair will turn strongly bullish after breaking 1.3020$ area on the 4h chart.

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

We had a falling trendline on the 1h chart which managed to keep the pair bound for four times . It managed to break above it after reversing the sharp dip after the federal reserve raised the interest rates last night. The pair is currently trading at 1.3390$ with very strong support at 1.3340$ First target will he 1.3530$ area.

Cable / sterling is not able to close any 4h candle bove 1.3210$ , despite the 300 pips rally..the bullish is losing strength and we might see a reversal to 1.2980$ area .. If the pair manages to close above 1.3210$ , then we will be heading to 1.33 and beyond. It is recommended going short anywhere near 1.32$ targeting 1.3130$ , 1.3060$ and finally 1.2980$

Dear traders , Hope you are all having a profitable trading day , I would like to be sharing my technical analysis for GBPUSD as it is currently testing a very critical level. The pair advanced almost 300 pips from last week after making a low at 1.2110$ area. The pair is currently capped by a good trendline and will probably pullback to test 1.2280$ area again. It is advised to short the pair at current area 1.2420$ targeting 1.2280$ Quit this trade if the pair closes a 4h candle above 1.2440$ Wish I am helping you .. if you find this useful please leave a comment and share your ideas.

Cable traders are getting used to market gaps on Monday opening. most of the gaps recently are fueled by comments coming from the UK during weekend. Major news coming within the next few hours will be the result of hearings in front of british court deciding if parliament should be part of negotiations with the European union. Anyway, From technical point of view , I find that the pair is currently supported around 1.2130$ area as shown below and there is a potential trend line if not broken during the current 4h candle. Support can be found at 1.2130$ , So any long positions should be closed on 1h candle closing below that level. Targets for the long positions should be around 1.2360$