10.05.2016 - The price of the British pound can rebound up to 1.4500
The price of the British pound corrected up after some consolidating around the level of 1.4400. In case of continued positive dynamics and overcoming resistance level at 1.4500, the closest target will be the level of 1,4670. On the other hand, fixation lower than 1.4500 and breaking through support at 1.4400, will be a strong signal to sell with targets at 1.4180 and 1.4050. Our forecast for next weeks remains negative.