25.06.2015 - Fall of GBP/USD will continue in the near future

The price of the British pound broke through the lower boundary of the rising channel and fixed below the level of 1.5800. Currently quotes are moving within the local downward channel around the level of 1.5700. Continued growth is possible up to the psychologically important level of 1.6000, but more likely scenario in the near future is fixing the price below the level of 1.5700, which will confirm a sell signal with the objectives at 1.5500 and 1.5350. We maintain a medium-term negative outlook and expect further price decline in the near future.

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