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 recomendation for GBP/USD

Tatyana Norkina, FBS analyst

Last week the price fell to the intermediate 1.6775 support, but the bearish pressure keeps on mounting.

Ichimoku. The indicator is giving out bearish signals on both timeframes: Ichimoku Clouds are bearish with active dead crosses. That's why we target 1.6740 in the nearest future.

Note that Chinkou Span is lying in the oversold zone, so the bulls may come back for a while after the price hits 1.6740.

Technical levels: support – 1.6740, 1.6775; resistance – 1.6800.

Trade signals:

1. Sell — 1.6790; SL — 1.6810; TP1 — 1.6775; TP2 — 1.6740.

2. Buy — 1.6740; SL — 1.6720; TP1 — 1.6805; TP2 — 1.6820.

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