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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 breaking below cloud

 Tatiana Norkina, FBS analyst

The bearish pressure on the British currency persists, on the background of the strenthening US dollar. Today's trading opened with a break through the four-hour Ichimoku cloud lower border that has formed a powerful support in the 1.5550/1.5560 area. Therefore, the bears' pressure is likely to increase in case of a break through and prices consolidation below Senkou Span B.

It should be noted that the dead cross formed by the Tenkan and Kijun lines is relevant at the moment. The Ichimoku cloud is narrowing down as well, weakening the long-term players positions.

Technical levels: support – 1.5550; resistance – 1.5580.

Trade recommendations:

1. Buy — 1.5590; SL — 1.5570; TP1 — 1.5700; TP2 — 1.5770.

2. Sell — 1.5540; SL — 1.5560; TP1 — 1.5460; TP2 — 1.5430.

GBP
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