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: Trading recommendations for EUR/JPY

Tatiana Norkina, an analyst of FBS

The currency pair was tested the important figure of 137.00, and then it was corrected to 137.60. However, that does not mean the bearish trend was over: the immediate goal for bears can be the level of 136.30. At the same time, the pair is quite oversold now; this could trigger a corrective recovery to the 138.25 level.

However, the short-term bullish fuse is likely to last only up to 137.80, where one can wait for the resumption of sales.

The correctional recovery, which has been lasting for the last few hours, is confirmed by Bollinger band which channel is narrowed. But the Moving Average is still pointing down.

MACD and RS Ic have formed the divergence, though everything is still in bearish zone.

Technical levels: Support - 136.30, 136.60, 137.00; resistance - 137.80, 138.25.

Trading recommendations:

1. Sell - 137.80; SL - 138.00; TP1 - 137.00; TP2 - 136.60.

2. Sell - 138.25; SL - 138.45; TP1 - 137.00; TP2 - 136.60.

Scroll to top