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 recomendation for USD/JPY

 Tatyana Norkina, FBS analyst

The bullish USD/JPY trend is gaining strength. The exchange rate is rising all the week long. On Tuesday the pair jumped by almost 100 pips, hitting 103.80. The buyers look confident now. 

Ichimoku. All the Ichimoku lines are headed upwards. At the same time, price approached the April lows around 104.10/104.15. We concede a pullback from 104.00, but the correction will likely be limited by the 103.00 support. 

Technical levels: support – 103.50; resistance – 104.00/104.15.

Trade signal:

1. Buy — 103.50; SL — 103.30; TP1 — 104.00; TP2 — 104.15.

2. Sell — 104.10; SL — 104.30; TP1 — 103.50; TP2 — 103.10

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