We are expecting new minimums of pair | 29 February 2016
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
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
