Forecast for GBP / USD pair on January 14, 2019

GBP / USD pair

On Friday, the pound sterling added 90 points and was retained in the MACD line of the daily timeframe. Tomorrow, there will be a vote in the English Parliament by agreement of Prime Minister May with the EU. Despite all the efforts of the Prime Minister, the parliament is against it but this is far from the finale of the English epic on leaving the European Union. To some extent, the failure of tomorrow's vote can be beneficial for England, as it will allow additional preferences to be beaten out of Europe. The first such attempt will be the adoption of amendments to the draft on January 21. The EU is still against the additions to the Agreement, but the second stage of mutual "arm-twisting" will begin on Tuesday. Also, the UK will need to enlist the EU's readiness to postpone the date of withdrawal from the EU, which now falls on March 29.

Meanwhile, we are waiting for tomorrow's vote. After breaking through the support line of MACD on H4 chart at 1.2755, we are waiting for the price on the support line of the price channel older TF 1.2680. Overcoming the support opens the way to 1.2460. The price increase to 1.2921 (minimum of 4 October) or even the output to 1.3045 is possible on the basis of the current technical situation and the alignment of the votes of parliamentarians directly during the voting. Even if the project is not accepted but with a minimal majority, such speculative movements in the market are quite possible.



The material has been provided by InstaForex Company -