29.01.201909:39 Forex Analysis & Reviews: Trading plan for 01/29/2019

Market participants are clearly preparing for today's vote in the British Parliament on the issue of Theresa May on the withdrawal from the European Union. In a strange way, but the parliamentarians, who were previously extremely talkative, now do not make harsh statements. So from this point of view, there is every reason to believe that the Iron Lady - 2 will receive parliamentary approval. However, if you look at the behavior of market participants who actively bought a pound, and not only, it feels like they are morally preparing for massive sales and do not strongly believe in a positive result of the vote. Moreover, only the plan of action will be considered, and not the agreement itself, which will still need to be knocked out from Europe. So there is a high probability that even if the result is positive for Theresa May, we will not see a pound increase. Rather, some of the comments that follow will also have a negative impact.

The euro / dollar currency pair managed to jump to the level of 1.1440, where the stagnation process began. Probably assume the preservation of this wagging, where we are waiting for the announcement of the verdict of the British Parliament. A similar scenario, like fellow pound / dollar.

The currency pair pound / dollar on emotions managed to get to the level of 1.3200, after which the process of rollback began. Probably assume a temporary chat on the eve of the vote, wherein the event of another failure, we will again go down.