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 market picture is very similar to EUR/USD: price recovered from lows to 1.6275, but the upside remains capped for now. 

Ichimoku. The current level is formed by strong lines on H1 and H4 charts. At the same time, the hourly cloud turned bullish and offers support to the market. Bounce from 1.6220 would open the way for a recovery to the 1.6310/1.6330 area. Otherwise the price will retrace down to 1.6150 and 1.6070.

Technical levels: support – 1.6100, 1.6160, 1.6220; resistance – 1.6275, 1.6310/1.6330.

Trade recommendation:

1. Buy — 1.6280; SL — 1.6260; TP1 — 1.6310; TP2 — 1.6330.

2. Sell — 1.6215; SL — 1.6235; TP1 — 1.6160; TP2 — 1.6100.

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