Tatyana graduated from Bashkir State University with the major of Applied Mathematics and IT. She used to work as a system analyst in a large IT company. Entered the financial markets in 2008. Her trading system is based on classical technical analysis, Ichimoku indicator and the elements of fundamental analysis. Tatyana is very dedicated to her family and children. In her free time she enjoys rising a bicycle.

GBP/USD: Ichimoku analysis (Feb. 28)

Tatiana Norkina, FBS analyst

Daily. The pair has been consolidating around the Tenkan-sen for the whole week. This consolidation was caused by the overbought market condition. Ichimoku Indicator remains bullish: golden cross and the growing cloud may positively influence the market sentiment. The uptrend is expected to continue in the near term. 

Chart. Daily GBP/USD

H4. On the H4 timeframe we see that the pair entered the Cloud and traded in a narrow range, limited by the 1.6620 support below and by the upper border of the cloud below. Bears failed to break the support to the downside. If the pair fixes above the cloud early next week, bullish pressure increases further.

Chart. H4 GBP/USD

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