09.09.2016 - The British pound is likely to fall to 1.3225

The price of the British pound showed a drop within the channel, and in the near future there is a high probability of reaching the support level at 1.3225 and the lower boundary of the channel. In case of price rebound from this level and the resumption of growth targets will be 1.3500 and 1.3600. On the other hand, the signal to sell will be fixing of quotations below 1.3225 and in this case the price may fall to 1.3000 and 1.2800. Our medium-term outlook remains negative, but we do not exclude the continuation of growth in the near future.

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.