GBPUSD was trading highly volatile yesterday and showing more than 200 point movement on either direction on account of Brexit vote in Parliament. The House of Common rejected May Brexit deal 432 to 200 was more severe than anticipated and this has opened possibility of a no- deal Brexit. Markets eye no-confidence vote at 7 PM GMT for further direction. Theresa May is expected to win no-confidence vote as most of opposition is willing to support UK PM to avoid general elections. The pair hits intraday high of 1.28957 and is currently trading around 1.28624.
UK CPI data came slightly weaker than estimate. CPI data eases to 2.1% y/y down from 2.3% previous month.
On the higher side, any break above 1.2925 confirms minor bullishness and a jump till 1.2965/1.3000 is likely.
The near term support is around 1.2800 and any violation below targets 1.2760/1.2700. Any bearish continuation only below 1.2660.
It is good to buy on dip around 1.2755-60 with SL around 1.2660 for the TP of 1.3000.
Resistance
R1- 1.2925
R2 - 1.2965
R3- 1.3000
Support
S1- 1.2800
S2- 1.2760
S3- 1.2660


FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD drifts lower after BOE rate decision
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: AUD/USD gains some ground but outlook is bearish
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: AUD/USD cedes early gains ,outlook bearish
FxWirePro- Major Pair levels and bias summary
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
NZDJPY Bears Stay in Command: Sell Rallies at 92.72-75 Targeting 90 as All EMAs Flash Red 



