06.01.2014 - The price of the British pound tries to continue a decrease

The price of the British pound after several attempts to rebound from the level 1.5200 and bottom of the channel, again reached the level of 1.5200 and is trying to overcome it. In case of success, quotes will continue to decline with the target level 1.5000. Growth within the correction is limited by the level of 1.5300 and 1.5500. Increase in volatility is expected tomorrow after the publication of minutes of the previous meeting of the Fed. We keep a negative outlook on the British pound and recommend holding short positions with a stop above 1.5600.

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