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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 levels

Tatyana Norkina, FBS analyst

Resistance at $1.7160 has been restraining the bulls during the last 5 days. Today’s move down from this mark can make the market perform a correction in the short term.

Ichimoku indicator. The level $1.7090 looks rather distinct – a correction may develop up to this point. At H4 this is Kijun-sen, at H1 – the bottom border of the Ichimoku Cloud. There is also an intermediate support in the area of ​​$1.7130. So, today the pair will be likely trading within the Cloud. In the longer term, however, we can expect the resumption of primary uptrend.

Technical levels: support - $1.7090, $1.7005, $1.7030; resistance - $1.7160, $1.7220.

Trading recommendations:

1. Sell - $1.7150/1.7160; SL - $1.7180; TP1 - $1.7130; TP2 - $1.7105.

2. Buy - $1.7090; SL - $1.7070; TP1 - $1.7160; TP2 - $1.7220.

GBP
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