260
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.

Pound past danger zone

 Tatiana Norkina, FBS analyst

The bullish sentiment on the market has yet allowed the currency pair to consolidate above the Kijun-sen line that has formed a powerful support at the 1.4930 level mentioned in the previous review.

In its turn, the absence of sellers at these levels has led to a massive surge in purchases which resulted in the pair's rate soaring under the 52nd figure. The four-hour chart has transitioned to entirely bullish, forming a new golden cross and expanding the cloud upwards. Therefore, the uptrend is likely to remain in the near future. The bulls' goal might be the 1.5300-1.5350 range.

Technical levels: support – 1.5150, 1.5125; resistance – 1.5210, 1.5280.

Trade recommendations:

1. Buy — 1.5150; SL — 1.5120; TP1 — 1.5210; TP2 — 1.5280.

GBP
Scroll to top