01.12.2015 - The British pound rebounded from the support level at 1.5000

The price of the British pound showed a sharp rise after the rebound from an important support level at 1.5000. As a result, quotations reached the upper limit of the downward channel. Its breaking will be the basis for the continuation of the upward movement of the price to 1,5200-1,5250. At the same time there is a high probability of renewal of the negative dynamics within the channel and return of prices to a local minimum at 1.5000, after overcoming of which the decline may continue to 1.4800 and 1.4700. Our medium-term outlook remains negative.

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