14.03.2016 - The British Pound may continue to rise to 1.4500

The price of the British pound, after strong growth has reached the upper boundary of the rising channel and then corrected down to the support level at 1.4365. In case of its overcoming, will continue to fall to the bottom of the channel, breaking of which will be the basis for opening short positions. On the other hand, we do not rule out fixation above the level of 1.4365, after which the growth will continue to 1.4500. Current growth may continue in the near future, but its potential according to our forecasts will be limited in the next month.

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