23.09.2016 - Today we expect a further decline of the British pound

The price of the British pound resumed fall within local descending channel after recently has reached its upper limit. At the moment, quotations are located near the psychologically important level of 1.2890 and 1.2800. In case of resumption of growth and fixing above the local maximum at 1.3100, we recommend to open long positions with targets at 1.3225 and 1.3350. Our medium-term outlook remains negative with the potential of reaching the level 1.2200.

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