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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 alalysis (May 30)

Tatyana Norkina, FBS analyst

Daily. As we expected, the pair retested the 102.00 figure before returning back to Tenkan-sen. This level created a support at 101.50. Despite the bearish indicator's signals, the picture is not so clear these days – prices stay in the sideways Tenkan-Kijun channel. Considering the strong support at 01.40-101.50, next week we expect the pair to stay at the same range. 

Chart. Daily USD/JPY

H4. The pair sits at the lower border of the Cloud. Break below the 101.40 support will open the way to 101.20. Ichimoku indicator confirms the bearish market sentiment - descending Cloud, active "dead cross". The bulls will face problems when trying to break into the positive zone. 

Chart. H4 USD/JPY

JPY
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