01.07.2015 - We expect a drop in the British pound

The price of the British pound after a long consolidation within the corridor 1,5700-1,5800, has broken through the its lower boundary and continued to decline. This fact is the basis for opening short positions with the targets at 1.5500 and 1.5350 and the stop above 1.5700. The growth of quotations in the near future is limited by the resistance level at 1.5800. We expect a decrease in prices in the near future and maintain the medium-term negative outlook.

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