28.10.2014 - Traders wait for additional signals for opening positions on the pound

The price of the British pound reached 1.6125, but could not overcome it and continues to consolidate below this mark. Drop in prices is limited by support levels at 1.6000 and 1.5880. Signals to open long positions will be fixing quotations above the important level of 1.6200. In this case, we should expect the price increase to 1.6450 and 1.6530. At the moment, the trend remains negative, but in the medium term, we expect the growth of price.

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