15.05.2014 - The price the pound has left the channel
The price of the British pound broke the lower boundary of the rising channel, the strong level at 1.6840 and reached the support at 1.6770. At the moment there is a high probability of ascending correction with the nearest target at 1.6840. A signal to sell with targets at 1.6700 and 1.6650 will be price fixing below 1.6770. We expect an upward correction but do not exclude the reduction of price in the medium term.