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: break through the cloud

 Tatiana Norkina, FBS analyst

The US dollar continues losing ground to the yen. Yesterday we witnessed a significant decrease of the currency pair rate, which was accompanied by the breaking through the support of the four-hour Ichimoku cloud lower border. The character of the break through Senkou Span B shows high probability of increase of the bearish sentiment in the market. The importance of this break is intensified by the change of the cloud character.

Oscillators lines are falling down directionally, also confirming the desire of market participants to be on the sellers' side. Further break through the 117th figure is likely to trigger the rate to drop to the next strong support around 116.15.

Technical levels: support – 117.00, 116.15; resistance – 117.60.

Trade recommendations:

1. Sell— 117.60; SL — 117.80; TP1 — 117.00; TP2 — 116.15.

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