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: will the 1.5600 figure hold?

 Tatyana Norkina, FBS

The 1.5600 figure remains a strong support: last week the bears failed to pull lower. In the coming days we forecast the recovery towards the upper border of the Cloud. Watch the resistance at 1.5760.

Oscillators could also signal a corrective recovery. However, the major bearish trend still remains active. 

Technical levels: support – 1.5600; resistance – 1.5700, 1.5760, 1.5875.

Trade recommendations:

1. Buy — 1.5700; SL — 1.5680; TP1 — 1.5760; TP2 — 1.5875.

2. Sell — 1.5640; SL — 1.5660; TP1 — 1.5500; TP2 — 1.5410

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