17.02.2016 - We expect that the pound will continue the fall

The price of the British pound after breaking through the inclined support line and fixing below it, started to decline sharply and in the near future can reach the level of 1.4200. After the recent fall we may see a short-term upward movement and return to the mark of 1.4365, and then we recommend to open short positions with the immediate objectives at 1.4080 and 1.4000. We forecast a drop in of price in the medium term and in the near future.

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