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 (12/09)

 Tatyana Norkina, FBS analyst

Daily. USD/JPY rose by more than 230 pips this week, hitting 107.40 on Friday. Daily Ichimoku confirms the bullish dominance: all the lines are headed to the upside. At the same time, Chinkou line is in the overbought zone. The 107.20/107.30 area is resistive and could trigger a bearish correction in the nearest future. 

Chart. Daily USD/JPY

H4. The H4 Ichimoku looks rather optimistic: all the lines are headed to the upside, the Cloud is wide with an active golden cross. However, Chinkou Span is also overbought. In the near term we expect a bounce below the 107.00 figure. 

Chart. H4 USD/JPY

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