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.

Norkina: Pound kept in the cloud

  Tatiana Norkina, FBS analyst

This Friday, the pound unsuccessfully tried to get into the positive zone. A powerful resistance formed by the upper boundary of the Ichimoku cloud in the 1.5380 area has stopped the short-term bulls. That is why, the currency pair had to return to the Tenkan-sen line for support. At the moment, the 1.5320 level is being quite fixedly held by the bulls but a break-down may lead to stop-orders triggering. In such a case, the market might fall down up to the bottom line of the four-hour cloud. Let us also note the currency pair overboughtness confirmed by the Chinkou Span line. Therefore, the currency pair purchases right now may be risky.

Technical levels: support - 1.5320, 1.5250; resistance - 1.5380.

Trading recommendations: out of the market.

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