19.04.2016 - The British pound may rise to 1.4500

Price of the British pound broke through the inclined resistance line and the level of 1.4300. Fixation above this level is the basis for continued growth to 1.4400 and 1.4500. It is worth noting that in order to overcome 1.4500, will be needed a strong impetus. According to our estimates, the potential for further growth is limited and there is a high probability of resumption of negative dynamics of price in the near future with potential targets at 1.4050, 1.3840 and 1.3600. Our medium-term outlook remains negative.

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