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 idea for USD/JPY

Tatyana Norkina, FBS analyst

The 102.40/102.45 didn't limit the market yesterday. Bears pulled the price down to the next supportive area (101.80/101.90).

Ichimoku. Bulls used the dip for entering new longs, however. The pair recovered to 102.40/102.45.  Fix above 102.20 could open the way for further growth. H4 technical picture supports the bullish view. Also note the golden H1 cross. 

Technical levels: support – 102.10, 102.25; resistance – 102.40, 102.65, 102.80.

Trade recommendation:

1. Buy — 102.15; SL — 101.90; TP1 — 102.45; TP2 — 102.80.

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