GBP / USD Forecast for November 27, 2018

GBP / USD

Investors were once again worried about Brexit tensions in the English parliament. Yesterday, more than 90 deputies from the Conservative Party did speak out against the "May agreement". Theresa May said that she is currently working in this direction. And even so, she is going to hold talks with Labor leader Jeremy Corbin.

Despite the fact that this morning, the price is at the same level as it was last Monday morning. As reflected on the Krusenstern line for the second time, the price increased during the day. This phenomenon made the situation to become a little more bearish, which increased resistance. The market development outlook remains the same - with a break from the nearest trend line of the price channel on the daily chart (1.2775). Meanwhile, the pound will continue to decline to the next line by 1.2558. Based on our expectations: Even if the parliament accepts the "May agreement", the price will still be going to have time to reach 250 points.

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