13.09.2016 - We are waiting for a signal to sell the British pound

The price of the British pound after the recent correction resumed falling and approached the lower boundary of the rising channel. In case of breaking and fixing of price below the level of 1.3225, the fall will continue to 1.3000 and 1.2800. On the other hand, overcoming resistance at 1.3350 will become the basis for the continued growth of quotations to 1.3500 and 1.3600. Our medium-term outlook remains negative and we expect acceleration of decline in the near future.

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