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: Trading recommendations for GBP/USD

Tatiana Norkina, an analyst at FBS

Consolidation under the Ichimoku Cloud on Friday led to the activation of the bears during today's opening hours. The pair formed a new low of the past 2 weeks, testing the important support level of 1.5930. Further break below this level can be critical and lead bears to long-term goal to 53rd figure.

Ichimoku. The situation on both timeframes is bearish: negative Clouds and Dead Crosses will prepare market participants only for selling.

At the same time, in the short-term the bulls can use the location of a H4 Chinkou line which is in the oversold zone for correction of the currency pair to 1.6020.

Technical levels: Support - 1.5930, 1.5950; resistance - 1.5980, 1.6010 / 1.6020.

Trading recommendations:

1. Sell - 1.5980; SL - 1.6000; TP1 - 1.5930; TP2 - 1.5850.

2. Sell - 1.6010 / 1.6020; SL - 1.6040; TP1 - 1.5930; TP2 - 1.5850.

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