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

Tatyana Norkina, an analyst of FBS

On Friday the pair broke below the important support level 136.30, denoting commitment of bears to keep the downtrend in the near term. But the pair found an intermediate level in the area of ​​135.60, which suspended the sag. By the results of the morning session, the price jumped back to 136.30, from which most likely will continue to decline.

Short-term recovery reversed the oscillator’s lines, but Bollinger Band still confirms the advantage of the bears.

Technical levels: Support - 135.60, 135.00; resistance - 136.30, 136.60.

Trading recommendations:

1. Sell - 136.30; SL - 136.50; TP1 - 135.60; TP2 - 135.00.

2. Sell - 136.60; SL - 136.80; TP1 - 135.60; TP2 - 135.00.


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