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: bears still got strength

 Tatiana Norkina, FBS analyst

End of the past week's trades in the negative zone can give another chance for the major downtrend to continue. Indeed, with formation of a dead cross by the Tenkan and Kijun lines on the four-hour time frame, we see further expansion of the cloud downwards. Notably, Senkou Span A and B are directed downwards.

Oscillators sustain neutrality, but with an incline to the "south".

Therefore, prices fixing in the 1.5060/70 area can be considered a signal for sales resumption.

Technical levels: support – 1.5000; resistance – 1.5070.

Trade recommendations:

1. Sell — 1.5050; SL — 1.5070; TP1 — 1.5000; TP2 — 1.4970.

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