18.03.201910:15 Forex Analysis & Reviews: Forecast for GBP/USD on March 18, 2019

The British pound is once again frozen on the spot in anticipation of new data on Brexit. Tomorrow, the British Parliament will vote again on the draft May-EU agreement. It is unlikely that the mood of the Parliament has changed so drastically as to accept it. Here we are waiting for the weakening of the pound. But the main intrigue lies ahead, and it depends entirely on the EU - as far as the EU will allow England to delay the launch of its exit from the bloc. If for a long time, this again instills optimism in investors, if for a short time, which is more likely, then the pound will once again be taken over by speculators and high volatility.

There is a double reversal divergence with the Marlin oscillator on the daily chart. At four o'clock, the price is in side uncertainty. The departure of the price below the low of Friday (1.3202) can trigger a technical decrease in the pound to support the MACD line of the daily scale in the area of 1.3000. Next is the target line of support for the price channel in the area of 1.2910.

The upward price movement can be stopped at any Fibonacci level, the grid of which is plotted on the four-hour chart: 1.3321, 1.3365, 1.3412.