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 (12/09)

 Tatyana Norkina, FBS analyst

Daily. The pair opened the week with a gap down. As a result, the exchange rate fell to new lows around 1.6050. However, by the end of the week buyers succeeded to close the "window", recovering to 1.6270. Daily Ichimoku still remains bearish: descending Cloud, active dead cross, all the lines are headed to the downside. 

Chart. Daily GBP/USD

H4. The major trend on the H4 chart is also bearish. Tenkan and are trying to form a golden cross, but still couldn't do that. The pair is expected to descend towards 1.6160 in the nearest future (Tenkan and Kijun support). After that new buyers could reenter the game. 

Chart. H4 GBP/USD

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