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: contradicting signals

Tatyana Norkina, FBS

The market uncertainty remains high - every level can become a new support or resistance for the pair. 

Ichimoku. One may see from the H4 chart that the indicator gives out contradicting signals. Senkou Span A and B are headed up, but the Cloud is bearish. There is a golden cross, but the prices have already moved below it. On The H1 the picture is very similar: prices fixed below the Cloud, but its still remains bullish. 

The 101.80 is seen as a key level today. Price fix above this level will support the market optimism, while fox below - open the way for a decline to 101.30.

Technical levels: support – 101.30, 101.60; resistance – 101.90, 102.10.

Trade ideas:

1. Buy — 101.80; SL — 101.60; TP1 — 102.10; TP2 — 102.50.

2. Sell — 101.80; SL — 102.00; TP1 — 101.30; TP3 — 101.10.

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