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.

FBS: trade recommendation for GBP/USD

By Tatiana Norkina, FBS analyst

British pound weakened considerably by the end of yesterday’s trading day. Happy bulls tried to restore the currency pair to $1.7000, but this attempt showed only that the buyers are weak.

Ichimoku indicator. Thus, the market remained in a bearish trend, which was confirmed and by the Ichimoku indicator on the different timeframes. Clouds are still descending, there are active Dead Crosses, aggravated by the formation of new local minima.

The pair’s trading just above the $1.6930 support, but in the near future currency it may fall to the $1.6900 figure.

Technical levels: support - 1.6900, 1.6930; resistance - 1.6940, 1.6950.

Trading recommendations:

1. Sell - 1.6940; SL - 1.6960; TP1 - 1.6900.

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