10.12.2014 - The British pound can change the downward trend
The price of the British pound continues to consolidate below 1.5700 after it has overcome an inclined resistance line. In case of continued upward trend and fixing the price above the level of 1.5750, we recommend to open long positions with the target near the levels 1,5960-1,6000. The potential of price fall of the British pound dropped significantly, but medium-term trend remains negative. We recommend to wait for confirmation of the signal for opening new positions.