4-hour timeframe

Technical details:

The senior linear regression channel: direction - down.

The younger linear regression channel: direction - up.

Moving average (20; smoothed) - up.

CCI: 72.5092

The currency pair GBP / USD on Tuesday, January 29, began a very weak downward correction. For the British currency, as well as for the UK itself, the next important day has come. Today in the British Parliament is scheduled to vote on the so-called plan "B" of Theresa May about Brexit. According to many experts, the parliament will not accept this plan either. And then after that, the fun begins. First, the failure of this attempt to push through the Checkers plan can again cause displeasure among the opposition political forces. Theresa May can be declared a new vote of no confidence. Secondly, the actions of Theresa May herself. It is already clear that it will be difficult to meet the requirements of the European Union and the British Parliament, we need new negotiations and concessions. Without this, an agreement is unlikely to be signed. But no one wants to give up in this situation, although both sides declare that they want to avoid the "tough" Brexit scenario. In such a situation, both the EU and the British Parliament will seem to just take time, waiting for a plan that suits them, but Theresa May, who has not yet succeeded, will have to decide this question. Therefore, in the near future, perhaps, this issue will be someone else.

Nearest support levels:

S1 - 1.3123

S2 - 1.3062

S3 - 1.3000

Nearest resistance levels:

R1 - 1.3184

R2 - 1.3245

R3 - 1.3306

Trading recommendations:

The currency pair GBP / USD began to be adjusted. Heikin Ashi's upward reversal will signal the opening of new long positions with targets at 1.3245 and 1.3306. Late in the evening, you should be ready for unexpected reversals of the instrument, since a vote will be taken in parliament.

Short positions can be considered in the case of bears attached below the moving average line. The trend in the instrument will change to downward, and the first target for the downward movement will be the level of 1.3000.

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

Explanations for illustrations:

The senior linear regression channel is the blue lines of the unidirectional movement.

The junior linear channel is the purple lines of the unidirectional movement.

CCI is the blue line in the indicator regression window.

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

Murray levels - multi-colored horizontal stripes.

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