Commerzbank: pound / dollar could decline to the base of the channel

Couple pound / dollar now falling - opened just above 1.6500, the couple declined to below the 1.6350 mark. According to currency strategists Commerzbank, reducing the British pound may continue. The bank believes that a breakthrough 55-day moving average, which takes place at the 1.6435 may be considered as a sufficient signal to reduce the pound / dollar to the base of the channel at 1.6212. Attempts to increase couples believe in the bank, will stop in the 1.6710/20 - while the pound / dollar remains below this area, the bank maintained a neutral-negative short-term prognosis. Couple pound / dollar for the time being traded at 1.6330.