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We buy to 1.5504

28 May 2015, GBP/USD

Daily chart: Every day bears try to force new Lows but do not reach the bottom Bollinger band directly. That gives buyers chances, because outlook of an ascending trend is still real.

However, the price is based in the bottom envelope so scenarios are equally probable.

We buy to 1.5504

Н4: the price is put into Bollinger horizontal channel (1.5313-1.5504, and can hardly leave it today.

We buy to 1.5504

Н1: One more Northern signal is bullish convergence.

We buy to 1.5504

Expectations: Waiting for growth to 1.5504.

Trading decisions:

1) We buy to 1.5504.

Aleksey Panasenko
Analyst of «FreshForex» company
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