18.08.2016 - The fall of the British pound, according to our estimates will resume soon

The price of the British pound shows growth within the descending channel and overcoming resistance at 1.3100 was a strong incentive to continue the upward dynamics to the upper border of the channel and the resistance level at 1.3225. According to our forecasts, the probability of reaching these marks is high, but their overcoming is unlikely. We expect an early resumption of the negative dynamics with the first targets at 1.3000 and 1.2800 in the case of opening short positions after reaching the upper border of the channel, the stop must be installed above 1.3350. Our medium-term outlook remains negative.

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