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

  Tatiana Norkina, FBS analyst

The rapid appreciation of the currency pair continues. During yesterday’s trading it reached yearly highs in the 105.30 area. However, this was followed by powerful sales caused by the profit-taking of the short-term buyers.

Ichimoku indicator. The Ichimoku indicator on both timeframes is set quite positive: active Golden Crosses, Clouds are bullish. Therefore, today’s depreciation is only a correction.

The uptrend is likely to resume after the pair tests Tenkan-sen at H4.

Technical levels: Support - 104.85, 104.70, 104.55; resistance - 105.20, 105.30.

Trading recommendations:

1. Sell -105.20; SL - 105.40; TP1 - 104.55.

2. Buy -104.55; SL - 104.35; TP1 - 105.20.

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