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: bears are still strong

By Tatyana Norkina

The oscillators went up: it means that the short-term trend reversed to the upside.

At the same time, the readings of the Ichimoku indicator are not bullish: the Cloud is expanding down, while the Dead Cross is strengthened by the falling Tenkan-sen (red line). As a result, the downtrend will likely continue. Kijun-sen (blue line) will provide strong resistance.

Technical levels: Support - 1.5830, 1.5850; resistance - 1.5900.

Trading recommendations:

1. Sell - 1.5900; SL - 1.5930; TP1 - 1.5850; TP2 - 1.5830.

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