79
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. Bears returned to the market after a test of the horizontal Kijun line at 102.00. The pair lost more than one figure during the week, hitting 101.00. As a result, the bearish trend could extend. The indicator is supporting this idea: the Cloud widens to the downside, Tenkan and Kijun lines formed a dead cross.

Chart. Daily USD/JPY

H4. The H4 picture has also turned bearish as the pair failed to hold in the positive area. Sales resumed from the beginning of the new week. As a result, the price fixed below the Cloud. Tenkan and Kijun-sen formed a dead cross. At the same time, note that the 101.00 support is rather strong. Given the oversold market conditions, we expect a consolidation at the current levels before a new dip to the 100.80 support.

Chart. H4 USD/JPY

JPY
Scroll to top