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: trading on Ichimoku (June 2)

Tatyana Norkina, FBS analyst

GBP/USD corrected into the 1.6787 area on Friday. The bearish pressure still remains high, so the pair is expected to hold into the 1.6700-1.6800 fixed range in the near term.

Ichimoku indicator. The range is limited by the recent low of 1.6700 from the downside, and by the H4 Kijun-sen (1.6787) from the upside. The cable is currently trading right in the middle of that channel. Chinkou Span also speaks in favor of a further consolidation. 

On the H1 the prise sits inside of the Cloud with the upper border coinciding with the 1.6787 resistance. It will be a hard nut to crack for the buyers. 

Technical levels: support – 1.6716, 1.6700; resistance – 1.6750, 1.6787. 

Trade recommendations:

1. Buy — 1.6755; SL — 1.6740; TP1 — 1.6785.

2. Sell — 1.6785; SL — 1.6805; TP1 — 1.6720; TP2 – 1.6700.

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