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 weakening against dollar

 Tatiana Norkina, FBS analyst

After much hesitation early this week, the British currency chose to surrender to the sellers. During yesterday's session, the GBP/USD pair attempted to break through the four-hour Tenkan-Sen and Kijun-sen lines resistance at 1.5630, but yet another failure was followed by a tumble deep into the Ichimoku cloud, to the 1.5560 support.

This morning, the bears continued advancing and have already tested the cloud's lower border levels. Trading is obvious to be carried out in the cloud area in the near future, but with a bearish bias.

Technical levels: support – 1.5510; resistance – 1.5560.

Trade recommendations:

1. Sell — 1.5560; SL — 1.5580; TP1 — 1.5480; TP2 — 1.5440.

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