FX.co ★ Forecast for GBP/USD on February 6, 2019

GBP/USD

The British pound is rapidly approaching the important support of the Krusenstern line on a daily scale (1.2880), the overcoming of which will open the target of 1.2625. But now the downward trend has intensified by the transition of the signal line of the Marlin oscillator to the zone of negative numbers (daily). We are waiting for exactly the downward scenario. Theresa May will leave tomorrow for Brussels, where she will make the last attempt to resolve the issue on the Irish border. Fears that the question will again come to a standstill, even she expressed herself. According to rumors, the UK also wants to persuade Brussels to postpone the date of the country's withdrawal from the EU from March 29 to May 24.

So, we are waiting for the pound sterling at the support of the 1.2625 price channel line.