Forecast for GBP/USD on February 15, 2019


British lawmakers have once again dealt a blow to the Brexit draft deal — yesterday they rejected the move of "Day X" (March 29) for three months, depriving Theresa May of freedom of action in negotiations with the European Union. The pound sterling lost 40 points. The price reached a low of 1.2784 last September, consolidating below this level opens the way to support the trend line of the price channel in the area of 1.2612.


The situation is down for all indicators for daily and H4 - – the price is below the indicators, Marlin signal lines are in the red zone without reversal formations. But today is Friday, and in difficult situations, investors often leave the market before the weekend. This circumstance may provoke a slight increase or consolidation of the pound on the support of 1.2784.


The material has been provided by InstaForex Company -