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 (Mar. 21)

Tatiana Norkina, FBS analyst

Daily. After a short consolidation above the 101.00 mark the pair recovered into the 102.50 area this week. However, bulls faced resistance at the lower Ichimoku boarder. Tenkan and Kijun lines formed a dead cross (С). The bearish Cloud is expected to widen. If the prices fix below the Tenkan and Kijun lines, the bearish trend will continue.

Chart. Daily USD/JPY

H4. Dollar rebounded to the upper Ichimoku boarder, but Senkou Span B limited the bullish attack. The bulls, therefore, may leave the market in the nearest future, pulling the pair down into the 101.60 area. If they survive, the next target will be seen at 103.10.

Chart. H4 USD/JPY

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