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, FBS analyst

The rapid growth of the pair continued during yesterday's trade. The main reason is the weakening of the Japanese yen. The pair was breaking the 114.00 figure but now it corrected to Kijun-sen support hour line, to 113.35 area.

Ichimoku is strictly positive: there’re bullish clouds and golden crosses on both timeframes.

However, four-hour Chinkou Span is overbought. Therefore, we will wait for a consolidation of the figure of 113.00 in the nearest future, or, if there is a breakdown of support, of course correction to 111.70.

Technical levels: Support - 111.70, 112.50, 113.00; resistance - 113.50, 113.80.

Trading recommendations:

1. Sell - 113.50; SL - 113.80; TP1 - 113.00; TP2 - 112.50.

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