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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: pound is going to strengthen

Tatiana Norkina,  analyst at FBS

Growth of the currency pair  temporarily stopped. The main reason is the lower bound of daily cloud, which currently serves as powerful resistance.

Сorrective depreciation of the currency pair is noticed on four-hour lines. Support is formed by a horizontal line Kijun-sen just above the 53rd figure.

To our mind, the retention of this level will be a signal for further increase in risk among average time traders. Otherwise, we don’t exclude decrease of prices to the lower border of the Ichimoku cloud to 1.5200 or even to 1.5150.

Technical levels: support - 1.5300 / 20; resistance - 1.5400.

Trading recommendations:

1. Buy - 1.5320; SL - 1.5300; TP1 - 1.5400; TP2 - 1.5440.

GBP
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