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 at FBS

It’s difficult for a currency pair to hold above 136.30 support. The bears take advantage of punching this level down on today’s market again. The depreciation will obviously continue in the near future.

Indicator Bollinger fully supports this idea: the moving average turned down, and the tape extends pointing to strengthening of the bearish pressure.

The oscillators are also on the side of the bears. MACD histogram has gone into the negative zone but the RSI is moving smoothly to the bottom of the channel.

Therefore only sell of a currency pair could be relevant further.

Technical levels: Support - 135.00, 135.80; resistance - 136.30.

Trading recommendations:

1. Sell - 136.00; SL - 136.30; TP1 - 135.00.


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