Forecast for GBP/USD January 16, 2019

GBP/USD

The results of the parliamentary vote on the May-EU agreement failed the project - 202 deputies voted in favor, 432 voted against. But, as expected, the EU promptly responded to this event and the first information on the alliance's readiness to postpone the launch of Brexit was held in the second half of June. As a result, the pound sterling for this morning is in the range of Monday. The price is above the Krusenstern line of the daily timeframe, on H4 the price is fixed above both indicator lines. An attempt by the parliamentary opposition to initiate a vote of no confidence in the government is still weak; the market may well work out an upward movement. Further scenarios remain the same: the upward movement is realized after the price leaves the Monday high at 1.2930, then an attempt can be made to test the resistance of the embedded line in the price channel 1.3040, the downward attempt will begin after fixing under the Krusenstern line on the four-hour chart - 1.2795, then it may decrease to yesterday's low days - to support the trend line on the daily. Leaving prices below offers the prospect of reducing to 1.2455.

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