17.05.2016 - The British Pound may fall in the near future

The price of the British pound demonstrated strong growth and approached the psychologically important level of 1.4500. Overcoming and fixing the price above this level will become the basis for continuation of the upward price movement to 1.4670 and 1.4700. On the other hand, there is a significant probability of resumption of the negative dynamics of prices with the closest targets at 1.4180 and 1.4050. In case of opening short positions, we recommend setting a stop above 1.4500. Our forecast for next week remains negative.

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