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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

After having set a new high of the last 2 weeks at the level of $1.6525, the pair closed in the red on Friday, exactly at the $1.6300 handle.

Ichimoku indicator. This corrective recovery may be now over as on H4 theprices fell under the support of Tenkan and Kijun. And on H1 GBP/USD may slide to the negative area, below the Ichimoku Cloud.

Note that the Tenkan-sen and Kijun-sen formed a Dead Cross, and Chinkou Span crossed the price chart from top to bottom. It means that the market’s bearish sentiment is strengthening.

Technical levels: support - $1.6235, $1.6260, $1.6400; resistance - $1.6340, $1.6410, $1.6360.

Trading recommendations:

1. Sell - $1.6340; SL - $1.6360; TP1 - $1.6260; TP2 - $1.6235.

GBP
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