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: weekly Ichimoku analysis

Tatyana Norkina, FBS analyst

Daily. The bulls failed to break above the lower Ichimoku border on the daily chart. At the second half of the week the bears entered the game, pulling below the Kijun support and lowering the exchange rate into the 101.20/101.30 area. As a result, the Ichimoku turned bearish and formed a dead cross. 

Chart. Daily USD/JPY

H4. At the beginning of the week the pair traded inside of the Cloud. However, after another test of the upper border at 102.10 it became clear that there are no buyers left on the market. Price fix below the Tenkan and Kijun lines and a dead cross let the bears incease pressure and resume the downside. The Ichimoku indicator is now fully bearish. Break below the 101.20/101.30 support is just a matter of time. 

Chart. H4 USD/JPY

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