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 currency pair rushed to new highs after a short-term consolidation. The exchange rate rose by more than a figure and extends growth today: bulls recovered to 108.80 and are getting ready to test 109.00.

Ichimoku. 109.00 mark is a strong resistance on the H4 chart. Given the overbought market conditions, we expect a bounce lower from 109.00. However, it's risky to sell the pair in these conditions: Ichimoku indicator is giving out bulish signals.

Technical levels: support – 108.35, 107.90; resistance – 109.00.

Trade recommendation:

1. Sell —109.00; SL — 109.20; TP1 — 108.35.

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