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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 (Apr. 11)

Tatiana Norkina, FBS analyst

Daily. The pair found support at the lower boarder of the Cloud and recovered to February highs last week. Prices touched 1.6820, but the chance of a correction increased at the end of the week. Cable is expected to find support at Tenkan and Kijun lines that form a bullish cross. The pair is expected to extend growth after that. 

 

Chart. Daily GBP/USD

H4. The pair moved into the positive territory, breaking above the Ichimoku resistance. As a result, the picture turned bullish: Tenkan and Kijun lines created a golden cross, the Cloud has become bullish. However, the overbought market conditions may pull the pair down to 1.6700 (Kijun-sen).

 

Chart. H4 GBP/USD

GBP
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