13.11.2015 - We are waiting for a strong movement of the British pound

The price of the British pound continues to consolidate around the level of 1.5200, and the amplitude of price fluctuations is reduced, indicating a strong price movement in the near future. Breaking of 1.5250 and angled resistance line will be the basis for further growth of the price to 1.5350 and 1.5500. On the other hand, the penetration of local slant line of support will lead to a resumption of the negative dynamics of prices. We expect the price decline of the British pound in the medium term and wait for the signal to open new positions.

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