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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: a return above 1.5600

Tatiana Norkina, FBS analyst

The currency pair turned back to the lower border of the four-hour Ichimoku cloud barely updating minimum to 1.5540, that is, above the recent 1.5600 support. The situation has started to change here in favor of the bulls, as far as Tenkan and Kijun lines began forming a golden cross this morning and the cloud started to сontract upwards due to Senkou Span A’s growth.

MACD and RSI confirm growth of bullish sentiment in the market.

Therefore, overcoming the resistance of the 57th figure is likely to provoke rise to the top edge of the cloud - 1.5740 / 65.

Otherwise, bears will continue to attack.

Technical levels: support - 1.5630; resistance - 1.5700, 1.5740 / 65.

Trading recommendations:

1. Buy - 1.5630; SL - 1.5610; TP1 - 1.5740; TP2 - 1.5765.

2. Sell - 1.5620; SL - 1.5640; TP1 - 1.5500; TP2 - 1.5460.

 

 

GBP
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