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, FBS analyst 

The range of 142.40 / 70 restricted the bulls forcing the currency pair to step sideways as we presumed yesterday.

We should note that the Bollinger Bands narrowed to the maximum point, approving a short-term flat but the likelihood of a deeper correction to 140.80 area is still high.

Oscillators are directed downwards after the formation of divergence. That’s why yesterday's objectives remain relevant.

Technical levels: Support - 140.80; resistance - 142.40 / 70.

Trading recommendations:

1. Sell - 142.40 / 70; SL - 143.00; TP1 - 141.20; TP2 - 140.80.

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