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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: Trade recommendation for USD/JPY

Tatiana Norkina, an analyst at FBS


Before the resumption of growth, currency pair entrenched over the figure 108.00 yesterday and during today's morning forced the 109.00 mark.


Ichimoku. Ichimoku on both timeframes are positive, but the line Chinkou Span location in overbought zone may initiate correction.
On 4-hours graphs we see near-term resistance in the range of 109.30-109.40. From these levels, if they are achieved, corrective decline to 108.50 is possible. 

Technical levels: Support - 108.80, 108.50; resistance - 109.30 / 40.


Trading recommendations:


1. Sell - 109.30; SL - 109.50; TP1 - 108.80; TP2 - 108.50.

JPY
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