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: bears come closer

Tatiana Norkina,  FBS analyst

Currency pair moved to the expected decrease correction rebounding from an important level just above the 118th figure. Tenkan and Kijun lines finally formed a dead cross which supports short-term sales of the currency pair. However, the cloud keeps its bullish character not canceling the principal uptrend.  The level of 116.80 may be the next goal of the bulls.

Oscillators also show the decreasing interest to the pair from the bulls’ side heading down. The MACD histogram goes into negative zone.

Technical levels: Support - 116.80; resistance - 117.50.

Trading recommendations:

1. Sell - 117.50; SL - 117.70; TP1 - 117.20; TP2 - 116.80.

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