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29.01.201908:33 Forex Analysis & Reviews: Forecast for GBP/USD on January 29, 2019

Long-term review

GBP/USD

In anticipation of any news from the British Parliament, and today there will be a vote on a number of bills regarding Brexit, the pound has slightly moved away from Monday's high, turning the Marlin oscillator on both charts into a strong downward movement. The general trend, however, continues to increase. The nearest signal to decline is still far away - this is the range of 1.3014/44, formed by the Krusenstern line on the four-hour scale and the line of the price channel on the daily. But this is only the closest signal, then the price should fix below the Krusenstern line on the daily chart, at the current moment it is about the level of 1.2880.

Before the movement of the pound up there are many levels: 1.3216, 1.3257, 1.3310, 1.3396. It remains to wait for the development of the situation.

Exchange Rates 29.01.2019 analysis

Exchange Rates 29.01.2019 analysis

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Laurie Bailey,
Analytical expert of InstaSpot
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