27.04.2015 - The British pound was unable to continue the growth

The price of the British pound after strong growth at the end of last week approached the level of 1.5200, but could not overcome it and now started to correct downwards inside the rising channel. In the near future quotations may reach the psychologically important level of 1.5000. In case of breaking and fixing the price below this level, quotes will continue to decline to 1.4800 and 1.4600. On the other hand, after correction, the growth of price may continue and the price will return to the levels of 1.5200 and 1.5350. Our medium-term outlook for the British pound remains negative, but we do not exclude a rise in the near future.

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