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: breaking the cloud again

Tatiana Norkina, FBS analyst

We’ve discussed the theme of breaking the Ichimoku cloud on the four-hour timeframe in the previous review of this pair. The level of 1.5740 was really strong.

Therefore, after one of its regular testings at the beginning of the week, the currency pair has abruptly fallen off to the lower boundary - Senkou Span A but it was done only to become stronger and make another attempt to pass this resistance.

We saw the breakdown level and output of the price in the positive zone yesterday, which can make the bulls pleased because they can get a chance to take part in the recovery of the pair up to 1.5880.

Obviously, the couple will be consolidated above the cloud, which is currently bullish in the nearest future. Tenkan and Kijun are directed horizontally due to the correction from yesterday's growth.

Technical levels: support - 1.5690; resistance - 1.5765, 1.5800, 1.5880.

Trading recommendations:

1. Buy - 1.5700; SL - 1.5680; TP1 - 1.5765; TP2 - 1.5800.


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