30.10.2015 - The British pound is likely to resume fall

The price of the British pound showed the strong growth within the correction, after declining during previous days and reached a number of resistance levels, including the upper limit of the local downward channel and important level 1.5350. In this regard, we note a high probability of renewal of the negative dynamics of the price of the British pound in the descending channel at 1.5200 with the targets and 1.5000. In case of overcoming the level of 1.5350, we expect a continuation of the upward movement to 1.5500, but this scenario is less likely.

September 23, 2015 of GBP-USD Performance

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