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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 might correct

 Tatiana Norkina, FBS analyst

The GBP/USD currency pair is trying to recover as well. The Friday's leap in prices resulted in the Chinkou Span line getting into the are of heavy oversoldness. Therefore, we are obvious to expect the pair to recover a little, at least into the 1.5170 area, in the near future. Then the downtrend will continue. Indeed, the intensely bearish Ichimoku cloud and the dead cross formed by the Tenkan and Kijun lines will have a negative impact on the market participants sentiment.

Technical levels: support – 1.5390; resistance – 1.5430.

Trade recommendations:

1. Sell — 1.5170; SL — 1.5190; TP1 — 1.5070; TP2 — 1.5030.

GBP
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