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.
Н4: local resistance is on 1.3939 (middle Bollinger line), support is on 1.3845.
Н1:resistance is more localized from middle line (1.3893), support is on 1.3794 (bottom Bollinger line).
Expectation: decrease to 1.3794
Trading decisions: sell to 1.3794
Aleksey PanasenkoAnalyst of «FreshForex» company
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