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: weekly Ichimoku analysis

Tatiana Norkina, FBS analyst

Daily. The overbought market conditions don't let the bullish scenario develop. This week the pair was bound to decline into the 1.6950 area, but found support at the Tenkan-sen line. Pound strengthened to the  $1.7040 mark by the end of the week, maintaining the positive sentiment. However, the buyers have to be careful: next week the Chinkou Span will return into the overbought area. 

Chart. Daily GBP/USD

H4. Bulls are dominating on the H4 chart. Bearish correction at the beginning of the week was stopped by the upper border of the Cloud. After feeling this support the bulls resumed buying and broke above the horizontal Kijun line in the 1.7000 area. Tenkan and Kijun lines formed a golden cross, that could help the buyers in a short-term prospect. 

Chart. H4 GBP/USD

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