17.11.2015 - The British pound may continue to decline
The price of the British pound continues to fall along an inclined line of resistance after prolonged consolidation above the level of 1.5200, and after breaking through this level continues to decline. Fixation below 1.5200 will be a signal to continue the downward dynamics with the closest objectives at 1.5100 and 1.5000. We recommend keeping short positions with a stop above 1.5250. Our medium-term outlook remains negative.