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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.

Yen remaining weird

 Tatiana Norkina, FBS analyst

The USD/JPY currency pair has failed to keep in the positive area. The rebound from the four-hour Ichimoku cloud upper border that had supported the pair above the 119.70 mark turned out unsuccessful: during yesterday's session, the bears broke through an important level, moving the trades deep into the cloud.

The Tenkan and Kijun lines are uncertain, moving horizontally. The Ichimoku cloud has also stopped expanding upwards, and the Senkou Span A and B lines are possible to form a crossing soon that would change the long-term trend character.

Under these circumstances, we recommend you to refrain from trading on this pair.

Technical levels: support – 119.40; resistance – 119.70/80.

Trade recommendations: out of the market.

JPY
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