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FX.co ★ Forecast for GBP/USD on March 15, 2019

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Forex Analysis:::2019-03-15T07:08:35

Forecast for GBP/USD on March 15, 2019

British MPs, as expected, postponed the launch date of the 50th article of the Lisbon Treaty on the country's withdrawal procedure to the EU on June 30. Indeed, this desire of the British still has to be approved by the European Union itself. But Theresa May still hopes to conclude a deal by March 29 - another vote on the agreement is scheduled for the 19th. Yesterday, the pound sterling slightly changed in price, falling by 54 points.

The price failed to consolidate below the MACD four-hour chart, perhaps it will be done today, as the forecast for US industrial volume for February is expected to grow by 0.4% with an increase in production capacity from 78.2% to 78.5%. A signal to further lower the pound will be a consolidation of the price below yesterday's low, the goal of the MACD daily scale of 1.2988 will open. An upward movement seems unlikely to us (on a daily scale, strong divergence with the Marlin oscillator), however, growth is possible to any of the Fibonacci levels marked on the four-hour chart, the upper of which can be 138.2% at 1.3412.

Forecast for GBP/USD on March 15, 2019Forecast for GBP/USD on March 15, 2019

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