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: at the Crossroads

 Tatiana Norkina, FBS analyst

Currency pair failed to hold within a four-hour Ichimoku cloud. Over the last two days trading has been actively conducted in the negative region, even with the formation of a dead cross by Tenkan and Kijun.

In general, there would be an attractive picture of sales for the currency pair, if not one "but": the market is currently strongly oversold, as is clear from the daily chart. At the same time, we see that the third week in a row continues to consolidate in the range of 1.5050-1.5250. Therefore, fixing prices for a four-hour cloud can give a good signal for the resumption of the downtrend. Otherwise, we will wait for corrective recovery to the cloud top, in the area of 54th figure.

Technical levels: support - 1.5130; resistance - 1.5190.

Trading recommendations:

1. Sell - 1.5180 / 90; SL - 1.5210; TP1 - 1.5080; TP2 - 1.5000.

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