19.10.2015 - We are waiting for the signal to open new positions on the British pound
The price of the British pound today resumed growth and again approached the sloping resistance line. Continued growth and fixation above 1.5500 will be a signal for opening new long positions with the targets at 1.5675 and 1.5800. In this case, a stop should be set below 1.5400. On the other hand, we do not exclude the possibility of price correction to the support levels at 1.5300 and 1.5350. Our medium-term outlook remains negative, despite the possible continuation of growth in the near future.