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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 plummeting

 Tatiana Norkina, FBS analyst

The recent bearish pressure on the British currency has had its consequences. During yesterday's trading, the GBP/USD currency pair has tumbled into the 54th figure area, breaking through the 1.5550 support of the four-hour Ichimoku cloud lower border.

During this period, the cloud has changed its character to downward, clearly defining the bearish trend in the market. The dead cross formed by the Tenkan and Kijun lines a week earlier is active as well.

Under such circumstances, we are obvious to expect further decline of the currency pair rate, up until the 53rd figure.

Technical levels: support – 1.5320, 1.5270; resistance – 1.5450, 1.5500.

Trade recommendations:

1. Sell — 1.5420; SL — 1.5450; TP1 — 1.5320; TP2 — 1.5270.

 

GBP
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