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.

FBS: trade recommendation for USD/JPY

Tatiana Norkina, FBS analyst

The yesterday's bullish recovery was limited by the 101.80 mark. The 101.70/101.75 level has acted as a strong resistance recently, but these days the market is trying to fix below this mark. If the price manages to do that, the market could extend the decline. 

Ichimoku. The cloud is bearish both on the H4 and H1 timeframes. What's more, we see Tenkan and Kijun lines forming dead crosses. At the same time, the pair looks oversold on the H4 chart. As a result, we see a chance for another recovery to the 101.70 resistance with a following decline to 101.25.

Technical levels: support – 101.25, 101.35, 101.40; resistance – 101.60, 101.70.

Trade recommendation:

Sell — 101.60; SL — 101.80; TP1 — 101.25.

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