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: trading on Ichimoku

Tatiana Norkina, FBS analyst

The currency pair reached its target levels 101.20/101.30. Yesterday the market found support there and is trying to reverse to the upsdie after a period of consolidation.

Ichimoku. On the hourly chart the market broke above the Cloud resistance and fixed above the Tenkan and Kijun lines. The 101.35 mark may become a good level for short-term buyings with a target of 101.60/101.70. However, note that trading inside of the Cloud is risky. This is it: on the H4 chart there are no bullish signals. 

Technical levels: support – 101.20, 101.35; resistance – 101.80, 101.70.

Trade signal:

1. Sell — 101.60; SL — 101.80; TP1 — 101.35; TP2 — 100.10.

2. Buy — 101.35; SL — 101.20; TP1 — 101.70; TP2 — 101.90.

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