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.

USDJPY: Weekly review (16/01)

Tatiana Norkina, FBS analyst

Daily. As we expected, the bears managed to break through support of daily Kijun-sen at 118.60, triggering a connection to trading of new sellers. As a result, by the end of the week the pair was inside the Ichimoku cloud, setting up the market for longer-term corrective fall.
Tenkan and Kijun, formed a dead cross, head down. This gives the opportunity to be on the side of the bears up to lowest level of cloud - 114.00.

Graph. Daily USD/JPY


H4. Fixation of prices in the negative area happened on H4 graph. In the future, this has led to a change in the nature of the trend - cloud turned out bearish. The formation and activity of the dead cross only adds to the bearish sentiment. Therefore, the sale of a currency pair will be renewed after each testing of Tenkan and Kijun.

Graph. H4 USD/JPY

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