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: market in expectation

 Tatiana Norkina, FBS analyst

The currency pair has held above the 52nd figure, without going into a deep correction after a week of growth. The pair is trading in the neutral zone between the four-hour lines of Tenkan and Kijun. It should be noted, though, that the dead cross has still a negative effect on the short-term market participants sentiment. At the same time, the cloud is set for further expantion upwards, reinforcing the long-term bullish trend.

If the Tenkan-sen support withstands in the near future, we will expect a break through the range upwards and growth to the past week's highs.

Technical levels: support – 1.5200, 1.5240; resistance – 1.5350, 1.5285.

Trade recommendations:

1. Buy — 1.5240/60; SL — 1.5220; TP1 — 1.5280; TP2 — 1.5350.

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