15.05.2015 - The British pound started to correct
The price of the British pound reached the target level of 1.5800 and after some consolidation below this mark started to correct downwards. In case of continued fall, quotes will reach 1.5500 and the lower limit of the downward channel. For the continuation of growth with target at 1.6000, quotations need to overcome the strong resistance level at 1.5800. We expect a correction in the near future, but after it the price is likely to rise further up to 1.6000. Our medium-term view remains negative.