29.08.2014 - The British pound is preparing for a strong movement

The price of the British pound keeps consolidating below 1.6600 and the amplitude of fluctuations of the price has declined steadily. This fact gives reason to expect a strong price movement in the near future. Signal to open long positions with the targets 1.6670, 1.6770 and 1.6900 will be fixing the price above 1.6600. Fall is limited by the level nearest local minimum near 1.6530. We maintain our positive outlook for the medium-term, but recommended to wait for confirmation of a buy signal.

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