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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. The cable crashed below the 1.6530/1.6540 support at the very beginning of the week, triggering new sales of GBP. As a result, the pair touched a new low of 1.6280. Ichimoku indicator remains bearish: all the lines are headed to the downside. However, Chinkou Span is strongly oversold. 

Chart. Daily GBP/USD

H4. The picture is very similar on the H4 chart. We expect the price to consolidate at the current levels for some time. 

Chart. H4 GBP/USD

GBP
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