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.