25.05.2015 - The British pound continued to fall

The price of the British pound was unable to overcome the level 1.5700 after some consolidation below it. As a result, the quotations started to decline, breaking through the lower boundary of the channel and reached the level of 1.5450, which is a local minimum. A breaking of this level will confirm the signal for the opening short positions with the targets of 1,5100 and at 1.4600. The increase within the correction is limited by the lower boundary of the rising channel. Today, volatility will be low due to the holiday in the United Kingdom and the United States. Our medium-term outlook remains negative.

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