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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 help above lines

 Tatiana Norkina, FBS analyst

Unlike EUR/USD, the GBP/USD currency pair has started the new trading week with a decline. At the Asian session today, the pair has returned to the Tenkan-sen line on the four-hour timeframe and tested the 1.5660 support again. This was followed by a rebound that so far is boosting the bulls' chances for recovery. Indeed, on the one hand, the technical picture looks attractive for purchases at the moment: the golden cross action and the positive Ichimoku cloud will be supporting the bullish sentiment in the market. At the same time, the bulls are now held back by the proximity of a powerful resistance at 1.5700. Therefore, we will not rule out a bearish outcome of the situation today.

Technical levels: support – 1.5660; resistance – 1.5700.

Trade recommendations:

1. Buy — 1.5680; SL — 1.5660; TP1 — 1.5780; TP2 — 1.5800.

2. Sell — 1.5660; SL — 1.5680; TP1 — 1.5570; TP2 — 1.5530.

GBP
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