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11.01.201908:21 Forex Analysis & Reviews: Forecast for GBP/USD on January 11, 2019

Long-term review

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GBP/USD

On Thursday, the British pound made an unspoken attempt to decrease, leaving it at a meeting with the support of the balance line on the daily chart and on the balance line and the Krusenstern on the four-hour. Thus, the desire of the British pound to try again to go to the Krusenstern line in the area of 1.2833 on the daily chart remains. The signal line of the Marlin oscillator is currently in the negative zone, and there is even a divergence with the price, but the overall rising trend prevails. The first sign of a possible break down will be the consolidation of the price below the low of yesterday, the second, already the main sign, will be the departure of the price under support on the daily chart 1.2686.

Yesterday, British Prime Minister Theresa May held talks and will continue today with trade unions – labor colleagues and their leader Jeremy Corbyn. Now all the attention is on Tuesday - the date of the parliamentary vote on an agreement with the EU on Brexit.

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