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.

GBPUSD: weekly review (20/02)

Tatiana Norkina, FBS analyst


Daily. Corrective recovery rate of the currency pair continues. New maximum was set  just below the 55th figure last week. However, the local overbought of the pair dod not give the opportunity to the bulls to run in full force. We observe the return of prices to the Tenkan line once again. We note that a short-term positive attitude is still in force. Perhaps there is a testing of the upper limit of daily cloud.


Graph. Daily GBP/USD

H4At the four-hour time frame situation is not that joyful. After the establishment of a new high, the pair consolidated over the Tenkan and Kijun lines and then started to move in the direction of the Ichimoku cloud. Hold of the prices by top level of the cloud at 1.5350 area may help to continue the main uptrend. However, the breakdown of support will make prices return to the two-week lows.


Graph H4 GBP/USD



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