12.02.2015 - On the chart of the British pound appeared a buy signal

The price of the British pound rose sharply against the US dollar after the statement of the Bank of England about the possibility of an earlier increase in interest rates by the regulator. It is worth noting that the price broke a strong sloping resistance line and has overcome the local maximums at 1.5300 and 1.5350. This fact confirms the signal to open long positions with growth potential to the level of 1.5500. We recommend opening short-term long positions, but note the possibility of resuming the downward price movement.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.