Forecast for GBP / USD pair on March 11, 2019

The British pound lost 66 points against Friday's growth of the euro by 41 points, which confirmed the firmness of its intention to decline "until there is a good deal with the EU." However, it seems it will not. According to the British press, the cabinet with the exception of two people is against the deal as it stands. Tomorrow the parliament will once again vote on the draft Agreement, and if the vote fails, May will offer the option of withdrawal from the EU without a deal. On the daily chart, the price has moved below the balance line and the Marlin indicator shows a steady decline in the negative zone. On the H4 chart, there is a steady decline in all parameters. The immediate goal of the pound is to achieve support for the MACD line on a daily scale that coincides with the line of the price channel at 1.2940 with the immediate task to gain a foothold under this support. In this case, the price may target the downstream line of the price channel at 1.2530.

The material has been provided by InstaForex Company - www.instaforex.com