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 trading at lows

 Tatiana Norkina, FBS analyst

After Friday's update of the local lows to 1.5130, the pound has leaped to the 1.5230 level this morning. But immediately, the pair was met by a resistance of the horizontal Tenkan-sen line on the four-hour timeframe. Therefore, the bulls had to stop the attack and move to the 52nd figure.

Despite oversoldness, the current situation is still bearish. The powerful dead cross and the expanding downwards cloud leave no chances for buyers to recover the market.

Technical levels: support – 1.5230, 1.5290; resistance – 1.5210, 1.5250.

Trade recommendations:

1. Sell — 1.5250; SL — 1.5270; TP1 — 1.5750; TP2 — 1.5130.

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