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

The currency pair breached down support at $1.6260 on Friday (H4), but stopped on the hourly level of $1.6235.

Ichimoku indicator. At the same time the situation on the hourly timeframe is more bearish. Thus, the Ichimoku Cloud has now a more negative shape, and Tenkan and Kijun move synchronously down.

On H4 the pair is likely to permanently fixed below the Ichimoku Cloud. Tenkan and Kijun formed a new Dead Cross, and the Cloud has again become bearish. Therefore, we should expect further depreciation.

Technical levels: support - $1.6235, $1.6180, $1.6160; resistance - $1.6280.

Trading recommendations:

1. Sell - $1.6280; SL - $1.6300; TP1 - $1.6180; TP2 - $1.6160.

Scroll to top