10.08.2016 - The price of the pound rebounded within the channel

The price of the British pound after the recent reduction and breaking the psychologically important level of 1.3000, started to correct upwards and as a result approached the level of 1.3100. In case of continuation of this upward impulse, quotations may reach 1.3225 and the upper limit of the downward channel. Our medium-term outlook remains negative with closest targets at 1.2800 and 1.2600 and the growth should be used for the accumulation of short positions.

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