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07.04.2016 - THE BRITISH POUND REACHED A SUPPORT AND MAY CONTINUE TO FALL

The price of the British pound after the rebound from the support level at 1.4050, reached the upper limit of the local downward channel and then resumed falling. In case of fixation below the strong support at 1.4050, we expect a drop to 1.3840 and 1.3600. The growth in the near future is limited by the level of 1.4400. Our forecast for the coming months remains negative.

 

Source: https://fxfinpro.com

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