27.09.2016 - We expect the fall of the British pound after consolidation

The price of the British pound continued to consolidate below the psychologically important mark of 1.3000. In case of continued negative dynamics within the current downtrend channel, closest targets will be 1.2800 and 1.2600. The breaking of the upper boundary of the channel and the level of 1.3000, will be the basis for the growth of quotations with objectives at 1.3100 and 1.3225. Our medium-term outlook remains negative and we are waiting for a decline in the near future.

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