10.06.2014 - The pound cannot continue to grow
The price of the British pound continues to move along a strong slant line of resistance. Growth is possible after fixing the price above the level of 1.6810. At the moment, further price drop of the pound is more probable with the objectives at 1.6770 and 1.6700. Increase in volatility is expected after the release of data on industrial production in the UK (8:30 GMT). In the long term, we expect growth of the price of the British pound to the levels 1.6900 and 1.7000.