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: under the cloud

 Tatiana Norkina, FBS analyst

Currency pair failed to hold in the cloud zone. Over the past few days bears increased pressure, seizing the initiative from the bulls, who almost broke the resistance of Senkou Span A up, seeking to continue the upward trend.

During yesterday's trading the pair appeared under a four-hour Ichimoku cloud, which radically changed the technical picture for the next 2-3 days. The obvious price fixing under the Senkou Span B is likely to lead to a further depreciation of the currency pair rate in the area of 117.30.

Bearish trend is also supported by oscillators that are intended to go down further.

Technical levels: Support - 118.20, 117.30; resistance - 118.70.

Trading recommendations:

1. Sell- 118.30 / 40; SL - 118.70; TP1 - 117.30; TP2 - 117.00.

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