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.

USD/JPY: Ichimoku analysis (Feb. 21)

By Tatyana Norkina, FBS analyst

Daily. During the past week the pair has been trading inside the Ichimoku Cloud. The Cloud’s lower border twice supported the market and bears couldn’t get into the negative zone. As a result, prices returned to the Kijun-sen and may be trying to break higher. Note that all indicator lines are currently directed sideways. It means the sideways market conditions. At the same time, the cloud is bearish nature and there’s a dead cross in place.


Chart. Daily USD/JPY

H4. Sideways trend is also confirmed at H4. Here the pair’s trading inside the Ichimoku Cloud. Judging by Tenkan and Kijun, the bulls are serious about restoring the prices to the upper boundary of the Cloud. However, Senkou Span A and Senkou Span B are not in a hurry to change the character of the Cloud. Therefore, even if the pair tests 102.90/103.00, it will be difficult for the bulls to hold at the conquered levels.

Chart. H4 USD/JPY

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