07.08.2015 - The probability of falling British pound rose after the release of the triangle

The price of the British pound again broke through the lower boundary of the triangle and reached the next target level at 1.5460. Currently quotes are below the level of 1.5550 and in the case of fixing below this mark, the price will continue to fall to 1.5350 and 1.5200. It should be noted that in case of resumption of growth, the price of may rise to the level of 1.5675, above which we recommend to set a stop in the case of opening short positions. We expect a further price fall of the British currency in the near future and maintain the medium-term negative view.

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