As we mentioned in our weekly review, pound sterling was attractive for sales today, and there was a little descent of quotations from upper bound of the channel. There are no reasons to consider the movement exhausted, that is why on should keep the short positions of GBPUSD for more, by securing it with a protective stop loss.

There is one question now: what level may GBPUSD pair reach during next days? To be honest, there are doubts that the pair can reach lower bound of the channel, since it will mean an abrupt fall in comparison with other currencies, and there are no reasons for that. Angle of elevation of the channel is too steep while other currency pairs are in the flat. That is why GBPUSD may find the support ta the level of 1.5915. One should keep current sales up to that mark.

Social button for Joomla