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09.03.2016 - THE BRITISH POUND MAY RESUME FALLING BY FXFINPRO CAPITAL


The price of the British pound after the recent reduction within the local ascending channel has reached its lower boundary and rebounded upwards. To continue the upward dynamics the price has to overcome the upper limit of the downward channel. The growth in the near future is possible to 1.4365, but the more likely scenario will be the resumption of negative dynamics with targets at 1.4000, 1.3860 and then the fall may continue to 1.3600. In this case, the stop must be installed above the level of 1.4300.

Source: https://fxfinpro.com

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