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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.

GBP / USD: 1.5600 support did not persist

Tatiana Norkina, analyst at FBS

The pair managed to break down the support of the 56th figure before trade closure last week. Obviously, this should be taken as a way out from a three-week consolidation and the possible resumption of the downtrend. However, saying that the couple has left this level is too early, as the Chinkou Span line will have to overcome two oversold zones. The first of these lines is already situated in oversold zone, which can cause short-term purchase of a pair with a return to 1.5600.

At the same time, all Ichimoku lines are focused strictly to the "south", which confirms the desire of the market to move lower.

Oscillators also descend indicating bearish sentiment of traders.

Technical levels: support - 1.5500, 1.5460, 1.5400; resistance - 1.5600.

Trading recommendations:

1. Sell - 1.5590; SL - 1.5610; TP1 - 1.5500; TP2 - 1.5460.

GBP
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