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16.01.201910:13 Forex Analysis & Reviews: GBP/USD: plan for the European session on January 17. Parliament voted against Brexit agreement

Long-term review
Essas informações são fornecidas a clientes profissionais e de varejo como parte da comunicação de marketing. Elas não contêm e não devem ser interpretadas como consultoria, recomendação de investimento ou uma oferta ou solicitação para se envolver em qualquer transação ou estratégia em instrumentos financeiros. O desempenho passado não é uma garantia ou previsão de desempenho futuro. A Instant Trading EU Ltd. não se responsabiliza pela exatidão ou integridade das informações fornecidas, ou por qualquer perda decorrente de qualquer investimento com base em análises, previsões ou outras informações fornecidas por um funcionário da Empresa, ou de outra forma. O termo de responsabilidade completo está disponível aqui.

To open long positions on GBP/USD you need:

The British pound regained its position after yesterday's decline. The British Parliament voted against the Brexit agreement, which was quite expected and did not lead to significant changes in the market. Purchases of GBP/uSD today can be seen after the formation of a false breakdown in the area of 1.2812 or a rebound from the support of 1.2743. However, the main task remains a breakthrough above the resistance of 1.2883, which will resume the uptrend and will allow to reach the highs of 1.2964 and 1.3016. Much will depend on the data on inflation in the UK, which is expected to be released today in the morning.

To open short positions on GBP/USD you need:

An unsuccessful consolidation above the resistance of 1.2883 will be the first signal to open short positions in the pound, but the main task will be the breakdown and consolidation under the support of 1.2812, which will sharply pull down GBP/USD to the lows in the area of 1.2743 and 1.2672, where I recommend to fix the profit. In case of a further uptrend after the release of good data on inflation in the UK, it is best to consider short positions from the new highs of 1.2964 and 1.3016.

Indicator signals:

Moving averages

Trade is conducted in the area of 30-day and 50-day moving, which indicates the uncertain nature of the market.

Bollinger bands

In case the pound increases, the upward movement may be limited by the upper border of the Bollinger Bands indicator in the area of 1.2935. Purchases of pounds can be viewed after the test of the lower border of the indicator 1.2743.

Exchange Rates 16.01.2019 analysis

Description of indicators

  • MA (moving average) 50 days - yellow
  • MA (moving average) 30 days - green
  • MACD: fast EMA 12, slow EMA 26, SMA 9
  • Bollinger Bands 20
Miroslaw Bawulski
Analytical expert of InstaForex
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