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 broke out of the bearish pressure

 Tatiana Norkina, FBS  analyst 

Today the British currency shows strong growth, after yesterday's consolidation in the positive area for the four-hour timeframe. GBP/USD pair once again restored to two-week highs at 1.5650 area, which held back growth.

This four-hour’s situation is rather mixed: the formation of a golden cross by Tenkan and Kijun lines during lowering of Senkou Span B line may indicate a false breakdown level. It is possible that the market could bounce back from the specified resistance in the 1.5560 support area, taking  stops short of traders down. Under these conditions, we would notrecommend to trade this pair.

Technical levels: support - 1.5615, 1.5550 / 60; resistance - 1.5650.

Trading recommendations: off the market.

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