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: fresh Ichimoku update

Tatyana Norkina, FBS analyst

The pair returned into the middle of the 101.30-102.70 range with a bearish dominance, fixing below the 102 figure. However, the yesterday's trade showed that the bears don't want to break below the lower border of the range. The pair returned into the H4 chart after having tested 101.60.

Ichimoku. The Cloud is bullish, while the last week's dead cross was canceled. There is a chance for further growth as long as the pair holds above 101.80-101.90. The pair could decline to 101.10/101.30.

Technical levels: support – 101.30, 101.60, 101.80; resistance – 102.10, 102.40.

Trade recommendations:

1. Buy — 102.15; SL — 102.00; TP1 — 102.40; TP2 — 102.50.

2. Sell — 101.85; SL — 102.05; TP1 — 101.60; TP2 — 101.30; TP3 — 101.10.

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