12.07.2016 - The British Pound may continue to grow within the correction

The price of the British pound showed growth after breaking through the level of 1.3000. Within the strong upward momentum, quotations with a high probability will reach the level of 1.3225 and breaking through it will be the basis for continued growth of quotations to 1.3500. According to our estimates, the increase will change to the negative movement in the near future and quotations will return to the psychologically important mark at 1.3000 and then may continue to drop to 1.2800 and 1.2600. Our medium-term outlook for the British pound is negative.

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