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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: weekly Ichimoku analysis

 Tatyana Norkina, FBS analyst

Daily. Bearish sentiment dominates the GBP/USD market. Last week the currency pair renewed lows, descending into the 1.6655 area. Note that these are the new highs for the past four months. Break below the strong 1.6730 support that happened at the end of the past week was a strong bearish signal. Next target lies at 1.6620. There is a chance to recover into the 1.6770 area, though. 

Chart. Daily GBP/USD

H4The chart remains bearish, what is supporting the descending trend. Tenkan-sen and Kijun-sen is headed sideways. We have a short-term sideways trend, that may cause a correction. 

Chart. H4 GBP/USD

GBP
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