Forecast for GBP/USD on January 29, 2019

Posted On 29 Jan 2019

GBP/USD

In anticipation of any news from the British Parliament, and today there will be a vote on a number of bills regarding Brexit, the pound has slightly moved away from Monday’s high, turning the Marlin oscillator on both charts into a strong downward movement. The general trend, however, continues to increase. The nearest signal to decline is still far away – this is the range of 1.3014/44, formed by the Krusenstern line on the four-hour scale and the line of the price channel on the daily. But this is only the closest signal, then the price should fix below the Krusenstern line on the daily chart, at the current moment it is about the level of 1.2880.

Before the movement of the pound up there are many levels: 1.3216, 1.3257, 1.3310, 1.3396. It remains to wait for the development of the situation.

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Source:: Forecast for GBP/USD on January 29, 2019

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