Forecast for GBP / USD as of January 25, 2019

GBP / USD

This morning, the pound came to life with news about the support of the Theresa May Act's Irish DUP party to withdraw from the EU with minor changes along the Irish border. Thus, following Labor, May gains the support of other parliamentary factions. The growth taking place in the Asian session is taking place at extremely small volumes, yesterday the volumes were high at the close of the session at almost the opening level, which indicates the repositioning of large players. Despite favorable news about Brexit, investors are preparing to work against the pound.

Yesterday we identified a possible target range of 1.3216 / 57, but due to new events, the price may not reach it and turn around from a high of November 7, 1.3174. The first sign of further decline will be price fixing below the price channel line on the daily chart around 1.3023. The target of Kruzenshtern line support at 1.2845 will open.

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