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.

Dollar strengthening against Yen

 Tatiana Norkina, FBS analyst

The USD/JPY currency pair consolidated above the four-hour Tenkan and Kijun lines support, 124.60, yesterday. Today, the pair is showing positive movement, recovering into the previous-week resistance area - 125.00.

The overall situation looks welcoming for purchases. Indeed, the Tenkan and Kijun lines have kept the positive influence of the golden cross. The Ichimoku cloud has also retained its bullish character, despite the Senkou Span A and B lines lateral movement.

Technical levels: support – 124.60; resistance – 125.00.

Trade recommendations:

1. Buy — 124.80; SL — 124.60; TP1 — 125.60; TP2 — 126.00.

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