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 US dollar extended growth versus the Japanese yen. On Thursday USD/JPY hit a fresh 6-year peak of 107.05.

Ichimoku. Bullish sentiment prevails on both timeframes: all the lines are headed to the upside, there are active golden crosses and bullish clouds. 

Pay attention to the resistance at 107.25. At the same time, the overbought Chinkou line points to a potential correction. We expect the pair to retrace down from 107.25 to 106.30.

Technical levels: support – 106.30, 106.50, 106.70; resistance – 107.00, 107.25.

Trade recommendation:

1. Buy —106.70; SL — 106.50; TP1 — 107.00; TP2 — 107.25.

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