empty
 
 
12.03.2019 08:35 AM
Forecast for GBP / USD pair on March 12, 2019

The British pound rose by 175 points yesterday with little or no reason, just in anticipation of today's Brexit vote in parliament. Moreover, the expectations of its outcome cannot be called optimistic, on the contrary, the majority of political scientists suggest a negative decision on the current issue of the Irish border. Actually, the meaning of the series of voting can be reduced to the fact that the date of the country's withdrawal from the EU is postponed to a later date. As far as it may be optimistic about the impact on the pound, it is doubtful since at the moment the British currency does not look oversold. Technical equilibrium of EUR/GBP pair can be determined approximately at a price of 0.8300, which is 2.6% lower than the current value but this deviation is quite moderate, even in small fluctuations. In other words, growth of the GBP/USD pair is possible to the MACD line of 1.3400 on the weekly chart. But in this case, a double price divergence with the Marlin oscillator on a daily basis will be formed, which warns of the short-term growth that is taking place.

This image is no longer relevant

If today's vote on the "improved" deal fails, then tomorrow the parliamentarians will vote on the question to "Leave the UK out of the EU without a deal." On Thursday, the question is "to postpone or not the Brexit date" and it seems that delaying the date X now will satisfy everyone, which is evident even in the wording of the questions.

Hence, in the main scenario, we are waiting for the failure of today's vote, turning the pound off the MACD line with a target of 1.2930 on the four-hour chart. A positive voting outcome will send the price to 1.3400 from where we look to the reversal signals of the indicators. Voting will be in the evening.

This image is no longer relevant

This image is no longer relevant

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $9000 más!
    ¡En Mayo, sorteamos $9000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback