Pound has a chance to develop upward correction

While the British currency has adjusted to the maxima session declines continue to attract buying interest, and the mood is quite positive. Dealers noted that large bids now congregate in the range of $ 1.5715/00, and while the foot on the break of the intraday names $ 1.5695/90 pose a threat to the pound, a good buying interest last felt in the region of $ 1.5680. Currency strategists at Brown Brothers Harriman, commenting on the current situation in the pair, note that with a wrench above the $ 1.5700 Short-term technical outlook has improved pair. Fundamentals remain negative for the British currency, but the reduction of long positions in the dollar has a positive impact on the dynamics of the pair, and soon she may continue to grow to $ 1.5800 and $ 1.5950, although this movement is seen as the correction.