08.08.2014 - The pound continues to fall

The price of the British pound continues to decline after it failed to overcome the inclined resistance line. At the moment the price is consolidating around the level of the nearest local minimum of 1.6810 in the case of overcoming this mark, the price will continue to fall with the nearest objectives of 1.6770 and 1.6700. Change of the trend is possible after breaking the inclined line of resistance and fixation above 1.6890 the level of. Despite the possibility of further decline, we expect the resumption of growth in the medium term with the objectives of 1.7200 and 1.7300.

July 3 of USD Performance

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.