4-hour timeframe
Technical data:
The senior channel of linear regression: direction - down.
The younger channel of linear regression: the direction is up.
Moving average (20; flattened) - sideways.
CCI: -76.2412
The currency pair GBP / USD on Tuesday remains slightly below the removals. After Theresa May officially announced the failure of negotiations with the EU, the prospects for the pound sterling remain very depressing. Now, there are rumors that Theresa May is preparing to hold early parliamentary elections in order to change the alignment of political forces in Parliament. The Prime Minister of Great Britain stands rigidly in its position: either Brexit according to the conditions it offers to Brussels, or no deals with the EU. Both sides note that the absence of a "deal" will be the worst option for both sides. Hopes for what else will be negotiated, and show London and Brussels. However, there are no progress on the key issues in the negotiations. Here, we should not forget that the desire to leave the EU was put forward by the United Kingdom. Accordingly, the EU is not obliged to concede in everything that May wants. Moreover, it is the Prime Minister of Britain who should conduct the negotiations in such a way that the "deal" will take place. So far, such a result can not be achieved, which is increasingly shaking the chair under the premier. In this situation, the fall of the English pound seems to be the most logical variant of the development of events. Tomorrow, of course, the move of the currency pair will affect the decision of the Fed on the rate and performance of Jerome Powell. On the effect, this will be local. Most likely, the pound will remain in the descending peak, since there are simply no fundamental grounds for its strengthening. Unless Donald Trump comes to the rescue.
Nearest support levels:
S1 = 1.3062
S2 - 1,3000
S3 - 1.2939
Nearest resistance levels:
R1 = 1.3123
R2 = 1.3184
R3 = 1.3245
Trading recommendations:
The currency pair GBP / USD has overcome the moving, and the last bars are painted in blue. Thus, today, it is recommended to trade on a decline with the target of 1.3062. Turning the indicator of Heikin Ashi upward will serve as a signal for the manual closing of the sell-positions.
Orders for purchase will again become relevant only after the traders overcome the moving average line with a target of 1.3184. Today, there are no planned important publications in the United States and the United Kingdom, so the probability of a sharp turn upward is minimal.
In addition to the technical picture, one should also take into account the fundamental data and the time of their release.
Explanations for illustrations:
The upper channel of linear regression is the blue lines of unidirectional motion.
The junior channel is linear-violet lines of unidirectional motion.
CCI - the blue line in the regression window of the indicator.
Moving average (20; smoothed) - the blue line on the price chart.
Levels of Murray - multi-colored horizontal stripes.
Heikin Ashi is an indicator that color bars in blue or purple.