04.08.2015 - In the near future we expect a strong price movement of the British pound
The price of the British pound continues to consolidate within a triangle. After the price leaves the triangle, we expect a strong price movement. Buy signal with the objectives at 1.5800 and 1.5900 may become fixing of quotations above the resistance level at 1.5675. On the other hand, we should open short positions after fixation of quotations below the local minimum at 1.5550. Our medium-term outlook remains negative, but we recommend to wait for a signal to open new positions.