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/CHF: Bulls can not pass 0.9800

Tatiana Norkina, an analyst at FBS

New highs above the 98th figure forced market participants to start fixing long positions. For the last day we saw a fall in the value of supporting a four-line Kijun-sen 0.9730. Moreover, the subsequent rebound to the Tenkan-sen has not given the opportunity to resume the uptrend bulls. This may mean that in the near future we should expect consolidation above the upper boundary of Ichimoku cloud.

Note that the oscillators are also headed down sharply, indicating a weakening of bullish interest in the pair.

Trade for this pair is a high-risk.

Technical levels: support - 0.9700, 0.9720; resistance - 0.9760, 0.9790, 0.9840.

Trading recommendations:

1. Buy - 0.9700; SL - 0.9680; TP1 - 0.9760; TP2 - 0.9790.

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