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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 finally reversed

 Tatiana Norkina, FBS analyst

The British currency weakened significantly during yesterday's session. Within the course of the day, the GBP/USD pair lost about 180 pips, tumbling into the negative area on the four-hour timeframe. The Tenkan and Kijun lines reacted sensitively to this decrease and formed a dead cross. Senkou Span A and B have also turned downwards but the cloud, oddly enough, remains bullish.

We are obvious to witness consolidation at the current levels in the near future, then the bears might increase pressure and continue sales up to the 1.5230 level.

Technical levels: support – 1.5230, 1.5290; resistance – 1.5360, 1.5390.

Trade recommendations:

1. Sell — 1.5390; SL — 1.5410; TP1 — 1.5290; TP2 — 1.5230.

GBP
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