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.

USD/JPY returned to maximums

By Tatyana Norkina

USD/JPY recovered to last week’s highs after a short-term pullback to 113.80. The pair settled above Tenkan (red line) and Kijun (blue line) on H4. This may add to the bullish mood. If resistance at 115.20 contains the bulls, we’ll see a deeper correction towards the upper border of the Cloud.

The oscillators diverge from the price chart, although they are set up for growth. As a result, it’s rather risky to buy this pair in the long term.

Technical levels: support – 114.70; resistance – 115.20, 115.60.

Trade recommendations:

1. Buy — 115.20; SL — 114.90; TP1 — 116.00; TP2 — 116.50.


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