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

   Tatiana Norkina, FBS analyst

After having formed a new low at $1.6760, the pair rebounded yesterday to the levels around $1.6810. This growth can be regarded only as corrective, because apart from the hourly Golden Cross, there’s no more evidence of a reversal of the main decsending trend.

Ichimoku indicator. Indeed, on H4 the Ichimoku Cloud remains bearish with the active Dead Cross. Resistance is provided by Kijun-sen.

On H1 the Cloud also has a bearish tone, though its narrowing may mean an upcoming in the hourly trend to the upside. However, for this bulls will need to overcome the resistance of the Cloud’s top in the $$1.6825 area.

Technical levels: support - $1.6775, $1.6800; resistance - $1.6825, $1.6850.

Trading recommendations:

1. Sell - $1.6825; SL - $1.6845; TP1 - $1.6775; TP2 - $1.6740.

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