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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.

USD/JPY: Ichimoku analysis (Apr. 26)

Tatiana Norkina, FBS analyst

Daily. The pair traded within a corridor formed by Tenkan and Kijun on the daily timeframe. The bulls failed earlier this week to keep pushing the pair up due to the strong resistance formed by Kijun-sen at 102.60 and the lower boundary of the Cloud. Therefore, they were forced to retreat, which led to the depreciation of the currency pair to Tenkan-sen, in the 102.10 area. The uncertain situation persists, and the indicator lines are directed sideways.

Chart. Daily USD/JPY

H4. In 102.60-102.70 area the pair formed a powerful level of the upper boundary of Ichimoku Cloud, which also acted as a resistance to further growth of the pair. By the end of the week the pair drifted to the lower end. Tenkan and Kijun crossed forming a dead cross (C). In the near future USD/JPY may decline to the 101.70 area.

Chart. H4 USD/JPY

JPY
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