24.08.2016 - The British pound may resume fall within the channel

The price of the British pound showed an increase and reached the important resistance level at 1.3225 and the upper limit of the downward channel. Fixing the price above this level will be the basis for continued growth of quotations up to 1.3500 and 1.3600. On the other hand, at the moment there is a high probability of beginning of price decrease within the channel with the closest targets at 1.3000 and 1.2800. Our medium-term outlook remains negative and we expect the fall in the near future.

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