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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 with Tatyana Norkina (June 4)

Tatyana Norkina, FBS analyst

Sellers captured the GBP/USD market. The bulls failed to push above the hourly Cloud boundary. As a result, the pair broke below the 1.6740 support.

Ichimoku indicator. The hourly Tenkan and Kijun lines crossed, building a dead cross. The Ichimoku Cloud turned back to bearish. 

On the H4 chart there are also plenty of bearish signals: negative Cloud and the narrowing Tenkan-Kijun channel. The market may form a dead cross in the coming hours. Evidently, bulls haven't got too many chances these days. 

Technical levels: support – 1.6716, 1.6700; resistance – 1.6740.

Trade recommendations:

1. From 02.06.2014. Sell — 1.6785; SL — 1.6805; TP1 — 1.6720; TP2 – 1.6700 (hold till the second take profit).

2. Sell — 1.6740; SL — 1.6760; TP1 — 1.6700; TP2 – 1.6630.

GBP
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