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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 continued to recover

 Tatiana Norkina, FBS  analyst 

 

Currency pair GBPUSD yesterday updated local maximums to 1.4640 again and gathered up to three-month levels.

On the four-hour time frame, of course, there was a bullish pattern: there is still active gold cross formed by Tenkan-Sen and Kijun-Sen lines; and Ichimoku cloud quite strongly expanded the range up, maintaining long-term traders.

At the same time, the market must “throw off” load overbought, which was suggested by Chinkou Span. Therefore, in the near future we do not exclude the possibility of downward correction to the Tenkan-sen before the growth will continue.

Technical levels: support - 1.4560, 1.4520; resistance - 1.4600, 1.4650.

Trading recommendations:

GBP
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