Forecast for GBP / USD pair on January 8, 2019

GBP / USD pair

Yesterday, the British Prime Minister Theresa May announced the exact date of parliamentary voting on an agreement with the EU on January 15. Market participants probably decided that they still had a week left and raised the pound by 60 points after the general weakening of the dollar. The price has moved above the balance line on a daily scale. Now, there is an intention to work out the MACD line around 1.2847. It makes no sense to overcome this level for no apparent reason, as growth towards the next resistance - an embedded line in the price channel at 1.3046 - is hardly possible in a week.

Thus, we are still waiting for the last price spurt to 1.2847, after which it is possible to decline to 1.2690 with an attempt to overcome the support.

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