21.07.2015 - We forecast fall of the British pound

The price of the British pound after breaking through the lower boundary of the ascending local channel is consolidating near the important level of 1.5550. Overcoming this support will be the basis for the continuation of the downward movement to the next support levels at 1.5460 and 1.5350. The price growth in the near future is limited by the resistance at 1.5650. We expect a further decline in prices in the near future and in the medium term.

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