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.

GBP/USD: the Pound has corrected

On yesterday’s session the Bears attempted the resumption of downtrend. The negative sentiment supported by a dead cross and a falling cloud. But the oversold market is not allowed for sellers to update the lows of a last week. A falling has stopped in the area of 1.2850 and the market has began correction in the direction of the clouds.

At this morning we’re seeing testing the lower bounds of the Ichimoku cloud. We expect a downward rebounding from Senkou Span A.

Technical levels: support – 1.2970; resistance – 1.3100.

Trade recommendations:

1. Sell — 1.3100; SL — 1.3120; TP1 — 1.3000; TP2 — 1.2970.

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