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 correcting lower

Tatyana Norkina, FBS analyst

The currency pair shows a negative dynamics these days. On Monday the exchange rate dipped below the 102.45 level.

Ichimoku. Break into the H4 Cloud (upper border at 102.45) hindered further growth of USD/JPY. However, the pair is now trading around the 102.00 figure with a strong support at 101.80-101.90. These levels may be used for buying the pair.Break below this area will pull the pair down to 101.20-101.30.

Technical levels: support – 101.30, 101.60, 101.80; resistance – 102.10, 102.30.

Trade recommendations:

1. Sell — 102.00; SL — 102.15; TP1 — 101.80; TP2 — 101.60; TP3 — 101.30.

2. Buy — 101.80; SL — 101.60; TP1 — 102.50; TP2 — 102.70.

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