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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, an analyst at FBS


An unexpected twist in the bidding for the pair. The sudden weakening of the Japanese yen allowed bulls to return currency pair rate to recent local maxima - 136.80. Besides, bears did not have quite a bit to reach the designated target of 135.00.


However, the breakdown of 136.80 might open the way to 137.70.


All indicators are quite optimistic. But RSI is located in overbought territory. Therefore, in the next few hours a rollback might occur in the level that we are already familiar with - 136.30.


Technical levels: Support - 136.30; resistance - 136.80, 137.70.


Trading recommendations:
1. Buy - 136.30; SL - 136.00; TP1 - 137.70.

EUR
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