21.04.2016 - THE BRITISH POUND IS TRYING TO RESUME GROWTH by fxfinpro capital
The price of the British pound corrected down after failed to overcome the resistance level at 1.4400. At the moment, the price is trying to gain a foothold above the boundary of the triangle, which quotes have left earlier. Gaining a foothold above 1.4400 will become a reason for the further price growth with objectives at 1.4500 and 1.4600. According to our estimates, the upside potential is low and decline can be resumed in the near future with the objectives at 1.4180 and 1.4050.Our forecast for the coming months also remains negative with the objectives at 1.3840 and 1.3600.