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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.

FBS: trade recommendation for GBP/USD

  Tatyana Norkina, FBS analyst

On Tuesday the pair traded in a sideways range, above the 1.6070 support. However, despite that, the market remains clearly bearish. 

Ichimoku. Both H4 and H1 Ichimoku Clouds are bearish. On the H4 sales are supported by the dead cross. On H1 Tenkan and Kijun lines are lying flat. It illustrates the market's wish to have a rest after the recent sharp drop. 

Break above the 1.6150/60 resistance area will open the way for a higher correction to 1.6220. Otherwise the bears will wake up and pull the price down to 1.6035.

Technical levels: support – 1.6035, 1.6070, 1.6100; resistance – 1.6160, 1.6220.

Trade recommendation:

1. Sell — 1.6150; SL — 1.6170; TP1 — 1.6070; TP2 — 1.6035.

2. Sell — 1.6220; SL — 1.6240; TP1 — 1.6070; TP2 — 1.6035.

GBP
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