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.

GBPUSD: pound is re-establishing

Daily. Last week currency pair GBP / USD broke in the positive zone again. On the daily time frame the pair took advantage of the support line Kijun-sen and came back to the levels of early May. The week's maximum was marked in the range of 1.4660. However, on Friday it was followed by corrective weakness to the Tenkan-sen, which has formed a fairly strong support in the 45th figure. Obviously, if this level holds its ground, we can expect the growth resumption. Additionally, the Ichimoku cloud began to expand upward , indicating the presence of long-term bull market.

Chart. Daily GBP/USD

H4. But in the four-hour time frame as a result of correction prices turned out to be inside the cloud dropping hrough the support line Kijun-sen and Senkou Span B. Therefore, Senkou Span A and B extremely narrowed the range of cloud to get ready for the worst (for bulls) developments.

Thus, some uncertainty  on the market is present for the moment. Therefore, consolidation may occur in the range of 1.4500-1.4600.

Chart. H4 GBP/USD

Scroll to top