12.05.2014 - Price of a pound rebounded from the support

The price of the British pound continued to decline, broke the support at 1.6900 and reached the strong level of 1.6840, but rebounded from it. We expect the price growth with the first goal at 1.6900. With the resumption of descending movement, the price may reach the lower limit of the upward channel and 1.6800 the mark. We recommend holding long positions and keep medium and long-term prognosis with the target at near 1.70.

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