04.05.2016 - THE BRITISH POUND IS LIKELY TO FALL IN THE NEAR FUTURE

The price of the British pound after prolonged growth inside the rising channel reached the resistance level at 1.4670, but failed to fix above it. The breaking of the rising channel's lower border was the reason for the continuation of negative dynamics the price to 1.4500 and fixation below this level will confirm the signal to sell with immediate objectives at 1.4400, 1.4050 and 1.3840.Our forecast for the near future remains negative and we are waiting for confirmation of the sell signal.

Source: https://fxfinpro.com