26.05.2014 - Traders are waiting signals on the British pound

The price of the British pound has started growing again after a strong correction. Now the price went up to the strong level of 1.6840. In case of breaking through it, we recommend to open long positions with the target near 1.6900. If the price will resume downward movement, we expect decrease in quotations to 1.6770. Today we expect the low activity of traders in connection with a holiday in the U.S. and the UK, but keep medium and long term positive outlook for the pair.

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