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: 120.60 curbing growth

 Tatiana Norkina, FBS analyst

The currency pair has once again stumbled upon a powerful resistance level around 120.60, which the bulls has failed to break through since the last week. At the same time, the market is supported by the Tenkan and Kijun lines in the 120.30/40 area.

Therefore, the entire attention of the players will be focused on this range in the near future. Break through the levels would mean moving in this direction. Testing of the upper Ichimoku cloud border is not ruled out, as the oscillators are pretty pessimistic, directed downwards.

Technical levels: support – 120.30/40; resistance – 120.60, 121.50.

Trade recommendations:

1. Buy — 120.50; SL — 120.30; TP1 — 120.60; TP2 — 121.50.

2. Sell — 120.20; SL — 120.40; TP1 — 119.80; TP2 — 119.50.

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