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.

USD/JPY: weekly Ichimoku analysis

   Tatyana Norkina, FBS analyst

Daily. USD/JPY extends the upside. Last week bulls managed to break above the 104.00 resistance, what itensified the buying activity. The pair touched a new high of 105.70. At the same time, we should note that the pair is strongly overbought.

Chart. Daily USD/JPY

H4. Given the overbought market conditions on the H4 chart, we concede a corrective decline towards the H4 Ichimoku in the nearest future. 

Chart. H4 USD/JPY

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