02.04.2015 - We predict the fall of the British pound

The price of the British Pound continues to decline gradually within the local downward channel. At the moment, the quotes are around the upper boundary of the channel, and we expect that with a high probability price will reach 1.4700, a breaking of which will be the basis for the continuation of the downward movement to 1.4500. To change the negative trend, quotations must be fixed above the level of 1.5000. Our medium-term outlook is negative, and we recommend holding short positions with the target at 1.4700.

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