LIVE: Parliament opposes PM Johnson’s program motion, Sterling falls

UK MPs supported the Withdrawal Act Bill but voted against PM Johnson’s program motion that would have forced them to debate the deal in three days, in order to take the UK out of the EU by month-end. The government may call for an election, GBP/USD below 1.2900. Live.

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Yohay Elam

GBP/USD is trading around 1.30 and awaiting a critical vote on Brexit in the UK parliament. The technical battle lines are drawn.

The Technical Confluences Indicator is showing that initial resistance awaits at 1.2994, which is the convergence of the previous 4h-high, the previous weekly high, the Simple Moving Average 5-15m, and the Bollinger Band 15min-Upper.

The next cap is 1.3027, which is the meeting point of the Pivot Point one-day Resistance 1 and the BB 4h-Upper.

GBP/USD's upside target is 1.3142, which is where the Pivot Point one-week Resistance 1 meets the price.

Support awaits at 1.2906, which is the confluence of the BB 4h-Middle and the PP one-month Resistance 2.

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