25.03.2016 - The British pound is likely to fall further

The price of the British pound showed an increase within the correction and returned to the important level of 1.4180 and the lower boundary of the rising channel that has left earlier. If the price returns to the channel, we expect continued growth to 1,4365-1,4400, but this option according to our estimates is unlikely. Fixing of price outside the ascending channel is a signal for the continuation of the downward price movement to 1.3860, 1.3600 and 1.3500. Our forecast for the coming months remains negative and we expect a fall in the next week.

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