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.