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: trading USD/JPY on Ichimoku

Tatyana Norkina, FBS

USD/JPY keeps on swinging in the 101.30-101.40 area. Yesterday's trade showed that the bears are not ready to extend the descending trend. After having tested 101.20 the pair returned to growth and broke above the major 101.40/101.45 level.

Ichimoku. The 101.40/101.45 area clearly is a strong one: this is the Kijun-sen (Н4) and the upper border of the Cloud (Н1). Fix above here would support the buying interest, at least in a short-term. Note that the hourly Cloud has narrowed because of the Senkou Span А upside. It could turn bullish in the nearest future. 

However, the 101.70 is a good point for the bears to reenter the game.

Technical levels: support – 101.30, 101.45; resistance – 101.60, 101.70, 101.80.

Trade idea:

Sell — 101.60; SL — 101.75; TP1 — 101.30; TP2 — 101.00.

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