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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

   By Tatyana Norkina, FBS

A tripple test of the 103.00 figure didn't bring any results. Bulls dropped back, lowering the price into the 102.40/102.45 area.

Ichimoku. Volatility has become very low, making a break in both directions almost equally possible. The H4 analysis points to a chance of a deeper correction to 102.10. 

Technical levels: support – 102.10, 102.25, 102.45; resistance – 102.80, 103.00.

Trade recommendations:

1. Sell — 102.50; SL — 102.80; TP1 — 102.10.

2. Buy — 102.10; SL — 101.90; TP1 — 102.45; TP2 — 102.80.

JPY
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