FX.co ★ Forecast for GBP/USD for January 7, 2019

GBP/USD

Under the general weakening in the last two days of the US dollar, the British pound reached the opening level on January 2, which technically corresponds to the situation of the first trading day of the year – the output over the balance line on the daily timeframe, consolidation over the balance lines and the Krusenstern on the four-hour chart. Marlin oscillator on both scales indicates growth. Formally, the growth may reach the resistance of the Krusenstern line of daily scale (1.2847), if there is no new negative information about the course of Theresa May's struggle with the Parliament. Voting on the deal is tentatively postponed to January 14-15.