Commerzbank expects the fall of the pound / dollar

Pound / dollar has once again found support at $ 1.4520/10 area and is now trying to take it for stabilization and development of rehabilitation, but dealers noted that the mood in relation to a pair to be very unfavorable, and the bears are now active around $ 1.4570, while larger orders observed on the sale of $ 1.4590/00. Breakthrough above, however, can support a weakening of the negative mindset and become the basis for the continuation of an upward correction to $ 1.4620 and $ 1.4640/50, but Commerzbank currency strategists believe that such a movement may be favorable for the resumption of sales of a pair, the prospects for which remain negative until it kept below $ 1.4675. The bank noted that the dynamics of the pound / dollar in the past few days has led to serious doubts whether it has growth potential, and are now awaiting the development of Commerzbank downward movement initially to $ 1.4360 and then at $ 1.4195 and $ 1.3990, while the somewhat more distant future it is the possible purpose of the fall is $ 1.3820.