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.

USDJPY: weekly review (21/11)

 Tatiana Norkina, FBS analyst

Daily. Over the past week, the pair has hit new highs in the 119th figure area, forcing all Ichimoku lines to move straight up. However, a "shooting star" appeared on the candle chart on Thursday, which, if confirmed, may turn out to be a reversal pattern.

Given the clear pair overboughtness (Chinkou Span in the corresponding zone), we can expect a corrective decline of the rate into the 116th figure area.

Chart. Daily USD/JPY

H4. On the 4-hour lines, the pair has already slid to the 117.25 mark, where is was supported by the Kijun-sen line.

The Ichimoku indicator is also positive here, but the oscillators lines are directed downwards. It is likely to be related to the correction only and there is a possibility that, after an overboughtness "reset", the bulls will try to update the extremes and achieve a long-term target mark in the 122nd figure area.

Chart. H4 USD/JPY

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