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We are expecting new minimums of pair

29 February 2016, GBP/USD

Daily chart: bears are strongly pushing on price in speed of oversold and signs of oscillators convergence. Price has possibility of achieving new minimums.

We are expecting new minimums of pair

Н4: local resistance is on 1.3939 (middle Bollinger line), support is on 1.3845.

We are expecting new minimums of pair

Н1:resistance is more localized from middle line (1.3893), support is on 1.3794 (bottom Bollinger line).

We are expecting new minimums of pair

Expectation: decrease to 1.3794

Trading decisions: sell to 1.3794

Aleksey Panasenko
FreshForex Analyst
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