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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: bulls thinking hard

 Tatiana Norkina, FBS analyst

Highs update ended in a drastic tumble of the currency pair rate to the Ichimoku cloud upper border, with further consolidation above Senkou Span A. This means that the uptrend is still in force, but it is quite difficult for the bulls to overcome the psychological level on the 1.5500 figure. We should not rule out the probability of the pair's drop deep into the Ichimoku cloud as the Tenkan and Kijun lines have begun to form a dead cross, Chinkou Span has crossed the price chart downwards, and oscillators are moving into the bearish zone.

Break through the cloud upper border support, followed by consolidation below it, can be a signal for sales, up to the lower border at 1.5270.

Technical levels: support – 1.5270; resistance – 1.5470.

Trade recommendations:

1. Sell — 1.5400; SL — 1.5430; TP1 — 1.5300; TP2 — 1.5270.

GBP
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