18.12.2014 - The British pound is corrected after a sharp fall

The price of the British pound after a strong decline to a local minimum near 1.5550 rebounded upwards and continues an upward correction. Further growth of quotations is limited by the resistance level 1.5750. In the case of penetration of the mark and the price fixing above 1.5800, we recommend to open long positions with the closest target near 1,5960-1,6000. Medium-term dynamics remains negative and after the upward correction may continue to fall to 1.5500 and 1.5300.

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