4-hour timeframe
Technical details:
The senior linear regression channel: direction - up.
The younger linear regression channel: direction - up.
Moving average (20; smoothed) - up.
CCI: 130.6639
The GBP / USD currency pair again made a significant breakthrough and immediately completed the Murray level of "7/8" - 1.3367. Guessing why there was a new strong increase in pound sterling is not necessary. Yesterday, the British Parliament voted against withdrawing from the EU without a "deal". However, we assumed that such a decision of the parliamentarians would be almost unanimous. In practice, however, it turned out that the advantage amounted to only 4 votes. That is, we were all extremely close to a surprise called "tough Brexit on March 29". 308 deputies voted for leaving the EU without a "deal", 312 voted against. It is difficult to imagine where the pound would be today if this minimum margin did not happen. However, the final result is still the absence of Brexit without an agreement. Now, there will be a final vote, in which almost a 100% probability will be taken to postpone the Brexit deadline for several months. However, we recall that the United Kingdom cannot unilaterally postpone dates at any time. This, again, needs to be coordinated with the European Union. And the EU has already expressed its position on this issue - Brexit can be moved, but at most until the summer. Thus, the UK will receive a maximum of 2 or 3 months. If the EU is not going to conduct new negotiations, does Theresa May not intend to resign? And the parliament does not like the current version of the treaty with the EU? We will probably find out the answer to this question in the coming weeks.
Nearest support levels:
S1 - 1.3245
S2 - 1.3184
S3 - 1.3123
Nearest resistance levels:
R1 - 1.3306
R2 - 1.3367
R3 - 1.3428
Trading recommendations:
The pair GBP / USD resumed its upward movement. Thus, it is now recommended to consider buy orders with targets at 1.3367 and 1.3428, and the color of 1-2 bars in blue will indicate the beginning of a downward correction.
It is recommended to open a sell position if the bears re-consolidate the pair below the moving average. In this case, the trend in the instrument will change to down again and short positions with targets at 1.3062 and 1.3000 will become relevant.
In addition to the technical picture should also take into account the fundamental data and the time of their release.
Explanations for illustrations:
The senior linear regression channel is the blue lines of the unidirectional movement.
The junior linear channel is the purple lines of the unidirectional movement.
CCI is the blue line in the indicator regression window.
The moving average (20; smoothed) is the blue line on the price chart.
Murray levels - multi-colored horizontal stripes.
Heikin Ashi is an indicator that colors bars in blue or purple.
