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Technical Analysis
12th March 2019 - GBPUSD Tech Analysis
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[QUOTE="Fxortrader, post: 161161, member: 59316"] GBPUSD UP TO 1.3080 ON SPECIFICATION BREXIT AGAINST VOTING PARLIAMENT The GBPUSD moved in high volatility on Monday as traders reacted to a number of media reports ahead of the Brexit vote this week. GBPUSD initially fell to its lowest level in three weeks at 1.2960 after a report said that Prime Minister Theresa May might be able to change the vote scheduled for Tuesday afternoon local time. UK voting against the Brexit agreement, again carried out after last January's PM May's plan was rejected by most parliamentarians. However, The Sun newspaper, a tabloid that is read by most people in the UK, said that he was urged to lower the rating of the vote to be purely symbolic. Initially GBPUSD weakened then managed to go up to trade at the level of 1.3080. Shortly after that a pro-defender MP Yvette Cooper from the Labor opposition party said that parliament could take over Brexit control if it failed to get consensus with its vote (PM May) on Tuesday. The comment has become one of the positive catalysts for the pound's currency movements. Until now, a British spokesman confirmed that Tuesday's vote would still be running. The latest report is PM May traveling to Starsbourg for last-minute talks with the European Union. [/QUOTE]
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