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

Tatyana Norkina, FBS analyst

Daily. The pair attempted to recover earlier in the week, but was capped by the Cloud. Under pressure of the dead cross the prices returned to the last week's lows around 1.6800. The major rising trend is now under threat: Senkou Span A is approaching Senkou Span B. At the same time, Chinkou Span shows the market is oversold. Short-term buyers could push the prices to the lower boarder of the Cloud at 1.6930.

Chart. Daily GBP/USD

H4The pair recovered to Tenkan and Kijun. On Friday the price formed a dead cross after hitting fresh lows. Ichimoku Cloud remains bearish. Price decline could extend to the next support of 1.6775 in the near term. 

Chart. H4 GBP/USD

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