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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: punching the cloud

 Tatiana Norkina, FBS analyst

Currency pair managed to gain a foothold above the 118.70 support formed by the lower boundary of the four-hour Ichimoku cloud. There is also a powerful level was formed by Tenkan and Kijun lines. Bulls took advantage of it to resume purchases and withdrew currency pair in the positive region. This breakthrough can be decisive for the further growth to the maximum which we had two weeks ago. But bulls are waited by the next strong resistance level around 119.40 area.

Note that the oscillators also are positive.

Technical levels: Support - 119.00; resistance - 119.40, 120.00, 120.50.

Trading recommendations:

1. Buy- 119.00 / 10; SL - 118.80; TP1 - 120.40; TP2 - 120.90.

JPY
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