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: bulls attack

Tatiana Norkina, an analyst at FBS

The US dollar significally strengthened against the yen yesterday after a three-week long fall.Gaining foothold in the 117th figure, the pair came up to the lower boundary of the four-hour Ichimoku cloud, and confidently broke up its resistance today.

Currently trade is in the positive zone, in the area of 118.50. Support formed by Senkou Span B line is located just above the figure.

We’d also note the formation of a gold cross and rise of Tenkan and Kijun lines.

The oscillators also grow supporting the bullish sentiment of short-term players.

Therefore, consolidation at these levels will be regarded as a signal to increase.

Technical levels: Support - 118.00; resistance - 119.00, 119.30.

Trading recommendations:

1. Buy- 118.00; SL - 117.90; TP1 - 119.00; TP2 - 119.30.

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