26.06.2014 - The British pound continued to correct
The price of the British pound, after declining in the previous days, continues to try to restore growth and to go beyond the local descending channel. For this purpose, it is necessary gain a foothold above 1.7000 and the upper boundary of the channel. It is worth noting that at the moment price decline in the descending channel is more likely to levels near a local minimum 1.6950 and 1.6900. Despite this, we expect the resumption of growth price in the medium term with targets at 1.7100 and 1.7200.