02.09.2015 - We expect the fall of the British pound to 1.5200 and 1.5000

The price of the British pound continued to consolidate after a fall and broke through the support level at 1.5350. This fact is a signal for opening short positions with the potential of fall to the target marks at 1.5200 and 1.5000. Growth is limited by the upper boundary of the downtrend channel and resistance at 1.5350. Our medium-term outlook remains negative and we expect a decline of price in the near future.

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