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: yen strengthens

Tatiana Norkina, FBS analyst

It seems that the currency pair finally entrenched in the negative plane after breakthrough of the the four-hour Ichimoku cloud’s border at the beginning of the week.

The pair has fallen to four-week lows, to 116th figure, during the previous trading day. Ichimoku Cloud changed its character to the bearish, upsetting long-term customers.

The increase of prices that followed by the end of the day is likely to be corrective. Indeed, having reached the Kijun line’s level bulls eased the pressure.

Obviously, trade will take place inside of the Tenkan-Kijun channel during the next few hours. We expect new lows for the 115th figure if the breakdown of the Kijun-sen will not follow.

Technical levels: Support - 117.00; resistance - 117.90.

Trading recommendations:

1. Sell- 117.80 / 90; SL - 118.10; TP1 - 117.00; TP2 - 116.00.

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