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: imminent threat

 Tatiana Norkina, FBS analyst

The currency pair is under risk of collapsing. Consolidation, which lasted for the whole past week, might end as early as today - the prices have gone below the cloud, into the negative zone, failing to overcome the Tenkan and Kijun lines resistance in the 49th figure area. The latter have started to form a dead cross, which is definite to support the bearish sentiment on the market.

Senkou Span A is turning downwards as well, extending the negative cloud.

Therefore, we do not rule out the downtrend resumption today.

Technical levels: support – 1.4840, 1.4800; resistance – 1.4900.

Trade recommendations:

1. Sell — 1.4840; SL — 1.4860; TP1 — 1.4770; TP2 — 1.4700.

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