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

 Tatyana Norkina, FBS analyst

The price declined to the local support at 106.90 after hitting a 10-year high of 107.25. However, the buyers stay at the market. 

Ichimoku. Ichimoku bullish sentiment confirms the idea. The H4 Clous is widening together with an active dead cross, formed by the Tenkan and Kijun lines. We expect the pair to jump higher from the Kijun support. 

The Cloud is seen as bullish on the H1 chart. Despite the dead cross bulls are strong enoug to overcome the 107.25 resistance. If this level holds today, we can expect a correction to 106.65.

Technical levels: support – 106.90, 106.65; resistance – 107.25.

Trade recommendation:

1. Buy —106.70; SL — 106.50; TP1 — 107.00; TP2 — 107.50.

2. Sell —107.25; SL — 107.45; TP1 — 106.65.

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