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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.

Pound continues consolidating

 Tatiana Norkina, FBS analyst

The British currency continues moving within a narrow sideways range inside the four-hour Ichimoku cloud. Yesterday, the bulls made an attempt to break into the positive area, but all efforts were in vain - by the end of the day, trading had again moved below the Tenkan and Kijun lines. The latter, however, have formed a golden cross which cannot help the buyers in any way so far.

The Ichimoku cloud lines are also directed horizontally, forecasting the sideways trend retention.

The bulls' weakness is likely to be taken advantage of by the bears in the near future that might yet correct the market to the cloud's lower border levels.

Technical levels: support – 1.5670, 1.5550; сопротивление – 1.5740.

Trade recommendations:

1. Buy — 1.5750; SL — 1.5730; TP1 — 1.5800; TP2 — 1.5870.

2. Sell — 1.5700; SL — 1.5720; TP1 — 1.5600; TP2 — 1.5550.

GBP
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