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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 out of fashion again

 Tatiana Norkina, FBS analyst

The USD/JPY currency pair overboughtness is obvious to have no influence so far: yesterday's short-term correction ended at the 121.40 level and was followed by the pair's recovery resumption.

The bulls are running the show again at the today's Asian session, having returned the currency pair rate to the highs, into the area of a many-month resistance - 121.70/80.

It should be noted that all lines of the four-hour Ichimoku indicator are now pulling upwards. This means that growth is most likely to continue in the near future.

Technical levels: support – 121.20/40; resistance – 121.70, 122.30.

Trade recommendations:

1. Buy — 121.70; SL — 121.50; TP1 — 122.30; TP2 — 122.70.

JPY
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