02.05.2016 - The British pound continued to grow within the channel

The price of the British pound continued to rise after failed to break through the lower boundary of the local rising channel. The nearest target levels at continuation of growth will be 1.4670 and 1.4860. The signal about change of the trend will be breaking through the rising channel's lower border and fixation lower than the local minimum at 1.4500. Our medium-term forecast for the coming months remains negative, but the current growth is likely to continue in the near future.

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