07.11.2014 - The British pound has updated the closest minimum

The price of the British pound after a long consolidation within the corridor 1,5960-1,6000 began to fall sharply and has broken through the nearest support level 1.5880. Currently quotations reached the lower limit of descending channel and in case of fixing the price below it, we can see a drop in prices to 1.5500. The growth of the price is limited by the strong level 1.5960 and the upper boundary of the channel. Despite the current price movement within the negative trend, we expect the resumption of growth in the medium term.

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