25.09.2015 - The British pound will show a strong movement in the near future

The price of the British pound continues to consolidate between the strong support level at 1.5200 and a sloping resistance line. In case of breaking through 1.5200, we expect a drop to 1.5000. On the other hand, the breaking through inclined line of resistance will cause a further growth of quotations to the level of 1.5350. Our medium-term outlook remains negative with the target at 1.5000, and in the near future we expect a strong price movement after the completion of the price consolidation.

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