21.03.2016 - The British pound according to our estimates will fall in the coming days

The price of the British pound after several unsuccessful attempts to overcome the resistance at 1.4500, started to decline and completed the formation of a "double top", which indicates a reversal of short-term uptrend. In this regard, we expect a continuation of the negative dynamics of prices inside the rising channel to ins lower limit and levels 1,4180-1,4200. In case of rebound, quotes, will return to the level of 1.4500, but this option is unlikely. Our forecast for the coming months also remains negative.

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