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 keeping within cloud

 Tatiana Norkina, FBS analysts

Stumbling on the intermediate resistance in the 1.5460 area, the pound keeps consolidating in a fairly narrow price range. Today's trading started with another attempt to break through the mentioned level but it is obviously beyond the bulls' scope - the prices are again rolling back to the Tenkan-sen line.

At the same time, we should note a positive trend: Tenkan-sen and Kijun-sen are set to rise, and Senkou Span A is narrowing the cloud upwards. Therefore, the bulls might emerge in the market in the short term, restoring the currency pair rate to the Ichimoku cloud upper border.

Technical levels: support – 1.5400; resistance – 1.5460, 1.5490.

Trade recommendations: our of market.

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