11.09.2015 - The British pound is trying to continue to grow

The price of the British pound is consolidating between the strong resistance level at 1.5460 and inclined line of support, a breaking of which will lead to further price fall to 1.5350. On the other hand, the overcoming of the important level of 1.5460 will become the reason for further growth of quotations to 1.5550 and 1.5675. In this case, the stop must be kept below support at 1.5350. Our medium-term outlook is negative, but growth may continue in the near future.

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