14.04.2016 - The British pound will continue to consolidate within a triangle

The price of the British pound decreased within the triangle. In the nearest future is likely to continue the consolidation of prices within its limits and the reduction of the oscillation amplitude. In case of continued growth, a buy signal with the objectives at 1,4500-1,4600 will be fixation above 1.4320, but a more likely option is a fixation below 1.4050. In this case, the target levels will be 1.3840 and 1.3600. Our forecast for the coming months remains negative.

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