16.02.2015 - The price of the British pound may reach 1.5500 in the coming days
The price of GBP/USD continues to move along the the inclined resistance line. Currently quotes corrected downwards. In case of continuation of the current negative trends, quotes can reach the next support levels at 1.5350 and 1.5300. According to our estimates in the near future the price will reach a critical level of 1.5500, and then will resume the fall with the potential of reaching the levels of 1.5200 and 1.5000. Increase in volatility is expected tomorrow and on Wednesday in connection with the release of data on inflation and the labor market in the UK. Our medium-term view remains negative.