empty
04.09.2019 07:14 AM
Overview of GBP/USD on September 4th. Forecast according to the "Regression Channels". A small victory for Jeremy Corbyn and the opposition

4-hour timeframe

This image is no longer relevant

Technical data:

The upper channel of linear regression: direction – down.

The lower channel of linear regression: direction – up.

The moving average (20; smoothed) – down.

CCI: -46.5133

The GBP/USD currency pair began an upward correction against the backdrop of events in the UK Parliament, which say that Boris Johnson's victory, which he was previously dubbed by the media, is not as unambiguous as it seemed just the day before yesterday. At its first meeting, the British Parliament with 328 votes to 301 decided at the next session (that is, today) to vote for a bill prohibiting leaving the EU without any agreements or agreements. Boris Johnson, in turn, said that if parliamentarians pass the bill, he will raise the issue of re-election to Parliament on the agenda. Thus, the war for Brexit began. In addition to yesterday's events in Parliament, it is worth noting that several courts are considering the legitimacy of Boris Johnson's decision to suspend the work of Parliament for 5 weeks. The deputies themselves are ready to work day and night (in the remaining 5 days), just to prevent a "hard" Brexit, and possibly cancel the extraordinary holidays organized by Johnson. Opposition leader Jeremy Corbyn said that the law on the impossibility of leaving the EU should be adopted as soon as possible. In general, today, September 4, Parliament can strike a powerful blow to the ambitions and desires of Boris Johnson.

How will this affect the pound? We believe it is favorable. The fact that the British parliamentarians are not passive, pretending to be fighting for the country, gives hope for a positive outcome of political battles. If today a law prohibiting withdrawal from the EU without a "deal" is adopted, it will be a small victory for the opposition, Jeremy Corbyn, and the pound, which could continue to strengthen against the US currency on a wave of currency market optimism. There is also another important point that will be described in a separate article a little later.

From a technical point of view, the pound/dollar pair is corrected and maintains a downward trend. However, if the deputies will be able to "win" today, the pound could easily rise to the moving and gain a foothold above it. "Easy" - with the pound, this has not happened for a long time. Thus, we closely follow any news from the Parliament, simultaneously not forgetting about the publication of the index of business activity in the UK services sector for August.

Nearest support levels:

S1 – 1.2085

S2 – 1.2024

S3 – 1.1963

Nearest resistance levels:

R1 – 1.2146

R2 – 1.2207

R3 – 1.2268

Trading recommendations:

The GBP/USD pair is adjusted. Thus, traders are advised to wait for the end of the current correction. If the pair stays below the moving average, pound sales will be relevant with targets at 1.2024 and 1.1963. However, in a certain scenario, the pound has a good chance of overcoming the moving.

In addition to the technical picture, fundamental data and the time of their release should also be taken into account.

Explanation of the illustrations:

The upper linear regression channel – the blue line of the unidirectional movement.

The lower linear regression channel – the purple line of the unidirectional movement.

CCI – the blue line in the indicator regression window.

The moving average (20; smoothed) – blue line on the price chart.

Murray levels – multi-colored horizontal stripes.

Heiken Ashi is an indicator that colors bars in blue or purple.

Seleccione el marco de tiempo
5
min
15
min
30
min
1
hora
4
horas
1
día
1
s.
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO

Recommended Stories

Pronóstico del gas para el 17 de marzo de 2025

Gas natural (NG) La jornada de hoy se abrió por encima de la línea indicadora Kruzenshtern en el marco diario. Al mismo tiempo, el oscilador Marlin cambió de dirección hacia

Laurie Bailey 07:02 2025-03-17 UTC+2

Pronóstico para el Bitcoin el 21 de febrero de 2025

Bitcoin El Bitcoin ha cambiado de opinión sobre el desarrollo de una caída hacia soportes objetivos cómodos, y en su lugar, siguiendo el sentimiento de riesgo general, ha revertido desde

Laurie Bailey 07:23 2025-02-21 UTC+2

Bitcoin - análisis técnico de la situación

Viernes, y el Bitcoin sigue esperando. Ninguna de las partes enfrentadas tiene prisa por presentarse y ser activa. En la incertidumbre actual, el posicionamiento de los principales índices de referencia

Evangelos Poulakis 07:45 2025-02-14 UTC+2

Previsión para el gas natural (GN) del 5 de febrero de 2025

En el gráfico semanal la semana pasada el precio se revirtió desde el nivel de soporte 3.017 - desde los máximos de septiembre 2024, agosto 2023, febrero 2023 y también

Laurie Bailey 07:51 2025-02-05 UTC+2

#NDX - análisis técnico de la situación

A finales del año pasado, el índice marcó un nuevo máximo histórico (22141), tras lo cual se detuvo la subida, comenzó la formación de la corrección y la consolidación. Ahora

Evangelos Poulakis 07:24 2025-02-04 UTC+2

Bitcoin 30 Enero - análisis técnico de la situación

A pesar de marcar un nuevo máximo la semana pasada (109986), el Bitcoin detuvo su tendencia alcista y comenzó a formar incertidumbre. Hasta ahora, el formato semanal ha proyectado

Evangelos Poulakis 07:24 2025-01-30 UTC+2

#SPX (contrato CFD sobre futuros del SP500). Esperamos que la subida continúe

El contrato CFD sobre futuros del S&P 500 se recupera vigorosamente tras una caída local del lunes por la oleada de noticias sobre el éxito de la empresa china DeepSeek

Pati Gani 11:06 2025-01-29 UTC+2

Nasdaq 100. Se esperan nuevos máximos históricos

La toma de posesión hoy de Donald Trump marcará el inicio del segundo mandato de su presidencia, acompañado de promesas de reforzar la posición de EE. UU. en la escena

Anna Zotova 10:00 2025-01-20 UTC+2

Bitcoin – análisis técnico de la situación

El año pasado los principales logros y ventajas estuvieron del lado de los compradores. El año 2024 les trajo un nuevo máximo histórico (108362,36), superando el máximo anterior registrado

Evangelos Poulakis 06:55 2025-01-20 UTC+2

Análisis técnico para la semana del 16 al 21 de diciembre, del par de divisas GBP/USD.

La semana pasada, el par, moviéndose hacia abajo, rompió el nivel de retroceso del 14,6% – 1,2624 (línea de puntos azul), cerrando la vela semanal en 1,2618. Durante la próxima

Stefan Doll 09:17 2024-12-16 UTC+2
¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.