26.08.2014 - The price of a pound has stabilized after a long fall

The price of the British pound after the long-term decline has stabilized below 1.6600. In the near future the quotes may continue to fall within the channel, but we expect the beginning of the upward movement. The signal for opening long positions will be price fixing over the top edge of the channel and the level of 1.6600. We maintain our medium-term positive forecast and recommend to wait for a buy signal.

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