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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,  FBS analyst

 

Currency pair moves in decreasing destination as it was expected. Another attempt of the bulls to reverse the trend remained not supported by long-term players: 137.80 level resisted again but inspired bears to new sales. As a result, support for 137.00 was broken and the rate of the currency pair gradually moves up to one of the objectives of the downward trend - 136.60.

Bollinger Bands expands supporting lowering of the moving average, which indicates the strengthening of bearish sentiment in the market. Oscillators are also directed down.

Therefore, only short positions are more likely to be relevant

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

Trading recommendations:

 

1. Sell — 137.00; SL — 138.20; TP1 — 136.60; TP2 — 136.30.

 

JPY
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