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

  Tatyna Norkina, FBS analyst

The cable finished the consolidation below the 1.6600 figure: yesterday the exchange rate fell to 1.6540. The bears are now likely preparing a break lower, to the 1.6500 round figure. 

Ichimoku. The H4 picture  remains bearish because of the descending Ichimoku Cloud. Tenkan and Kijun lines will likely form a dead cross. On the hourly chart the dead cross is already on. We believe the chances for a deeper decline are very high. 

Technical levels: support – 1.6510, 1.6550; resistance – 1.6560, 1.6580.

Trade recommendation:

1. Sell — 1.6550/1.6560; SL — 1.6580; TP1 — 1.6510.

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