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 getting stronger

 Tatiana Norkina, FBS analyst

At the end of the previous week, the currency pair managed to get deep into the cloud again, having broken the resistance of the lower border and the Tenkan and Kijun lines. This confirmed that the market is currently in a correctional phase.

However, a dead cross was formed at the same time, which can have a negative impact on the market participants sentiment. Therefore, if the pair fails to hold above the Kijun-Sen support (1.4900), we might see the rate's decline even below the 48th figure today. Otherwise, the bulls will try to test the Ichimoku cloud upper border levels.

Techncal levels: support – 1.4900, 1.4800; resistance – 1.4970, 1.5050, 1.5090.

Trade recommendations:

1. Sell — 1.4880; SL — 1.4900; TP1 — 1.4800; TP2 — 1.4770.

2. Buy — 1.4900; SL — 1.4880; TP1 — 1.4970; TP2 — 1.5050.


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