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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: support found?

Tatyana Norkina, FBS analyst

The 102.60-102.70 range contained the bullish attack. Pullback from 102.60 revealed the bullish weakness.

Ichimoku. On the H1 timeframe the pair moved into the negative zone. The pair broke below the Cloud support, pulling down to 102.25. In the near term the pair will likely try to fix in this area: on the H4 chart the prices are touching the upper border of the Cloud. The market may rise to 102.45 and to extend the corrective decline next week. Key bearish target is now seen at 101.90.

Technical levels: support – 101.90, 102.10; resistance – 102.45, 102.60.

Trade ideas:

1. Sell — 102.45; SL — 102.65; TP1 — 102.10; TP2 — 101.95.

2. Buy — 101.95; SL — 101.80; TP1 — 102.50; TP2 — 102.70.

JPY
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