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

The currency pair has again failed to break through the resistance of the four-hour Ichimoku cloud upper border. Within the week, consolidation under Senkou Span B led to the prices exit under the cloud, and, apparently, the bears have thoroughly consolidated under this resistance level.

Given the formation of a dead cross and strengthening of the cloud's downward character, we can assume that in the near future we will see depreciation of the currency pair rate to the last week's lows.

However oscillators are yet "silent", moving around the middle marks. It is possible that the bulls will make another attempt to break the cloud upwards.

Technical levels: support – 117.00; resistance – 118.00, 118.30.

Trade recommendations:

1. Sell— 118.00; SL — 118.20; TP1 — 117.00; TP2 — 116.40.

Scroll to top