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: Trade recommendation for EUR/JPY

 Tatiana Norkina, an analyst at FBS


The bullishness of the market participants ran out rather quickly as soon as the currency pair could not break the barrier in the range of 137.25 this morning. Possible reversal of the two-day growth is confirmed by the divergence formed by oscillators.

It should be noted the changing nature of the Bollinger band: the Moving Average is set down and the tape is likely to be expanded in the downstream.

That’s why the breakdown of support level of 136.60 is possible today to further depreciation in the range of 135.80.

Technical levels: Support - 135.80, 136.30, 136.60; resistance - 136.80, 137.00.

Trading recommendations:

1. Sell - 136.80; SL - 137.00; TP1 - 136.30; TP2- 135.80.


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