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 trying to recover

 Tatiana Norkina, FBS analyst

The bulls are trying to regain the lost ground on the pound at least for a bit at the Asian session today. Let us remind you that the previous week was pretty hard - the pair has lost almost five figures away from the highs in the 58th figure area.

Trading is now carried out in the negative area, against the total pressure of a bearish cloud and a very strong dead cross. However, the currency pair rate got into the Tenkan-Kijun channel, consolidating where will allow the bulls to return the prices at least into the 55th figure area. This corrective recovery is absolutely essential for the market since it is heavily oversold now.

Technical levels: support – 1.5390; resistance – 1.5430.

Trade recommendations: out of market.


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