23.06.2015 - The British pound may change the current positive trend

The price of the British pound was unable to overcome the resistance level at 1.5900 and started to decline. As a result of the fall, quotes declined to the level of 1.5800, and broke through the lower boundary of the rising channel. Fixing the price below these levels will be the basis for the continuation of the downward price movement to the target levels at 1.5500, 1.5350 and 1.5200. In this case, the stop must be installed above the local maximum at 1.5900. Our medium-term outlook is negative, and we expect falling prices in the near future.

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