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

    Tatyana Norkina, FBS analyst

The $1.6600 resistance remains a hurdle for the buyers, who tried to push the price higher following the 7 weeks of decline. On Friday the pair traded in the 1.6560-1.6600 range. In our view, bulls may take over today. 

Ichimoku. There are contradictive signals. The H4 Tenkan and Kijun lines formed a decisive golden cross, while the Cloud itself is bearish. On the H1 chart the price stayed in the positive territory, above the bullish Cloud. However, Tenkan-sen and Kijun-sen for,ed a dead cross. The trade looks a bit risky in this conditions. 

Technical levels: support – 1.6560, 1.6580; resistance – 1.6600, 1.6635.

Trade recommendation:

1. Buy — 1.6600; SL — 1.6580; TP1 — 1.6635; TP2 — 1.6650.

2. Sell — 1.6580; SL — 1.6600; TP1 — 1.6510.

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