03.03.2015 - The price of the British pound is trying to change the short-term positive trend

The price of the British pound has broken through the lower boundary of rising channel and is currently is trying to overcome an important support level at 1.5350. Fixing the price below this level will be a confirmation of the signal for opening short positions with the targets at 1.5200 and 1.5000. In case of quotes rebound, we expect the price growth up to a local maximum of about 1.5550. We forecast a drop in prices in the near future, but recommend to wait for the confirmation of the signal for opening short positions.

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