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GBPUSD jumps on Brexit Cabinet meeting to 1.3046 


GBPUSD heading for biggest daily jump since January 

The end of the Brexit negations are reaching a conclusion. At least stage 1 of the negotiations are. The question now becomes, ‘Will the UK parliament agree on the deal?’. That is the all important stage 2.  Price has broken above the 100  and 200 EMA on the 1 hour chart and that is now a place to define near term risk. A return below that level will indicate more downside. There should be some support there now for longs, but the key issue now is with the UK parliament. Positive noises there and we can expect GBPUSD to go off like a rocket to the upside. 

ForexLive



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