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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.

Dollar weakened against Yen

 Tatiana Norkina, FBS analyst

The USD/JPY currency pair rate plummeted into the negative area yesterday after all, below the four-hour Ichimoku cloud. The bulls were trying desperately to keep the prices in the ​​cloud area, taking advantage of the lower border support around ​​124.10, but the bears turned out stronger. As a result, the pair has updated the three-week lows, having gone down to the 123.67 mark.

The bearish sentiment is obvious to prevail in the market in the near future since the Ichimoku cloud has changed for the negative and the Tenkan and Kijun lines have formed a dead cross. The Senkou Span B line retest migth make new sales possible.

Technical levels: support – 123.50; resistance – 124.00.

Trade recommendations:

1. Sell — 124.00; SL — 124.20; TP1 — 123.50; TP2 — 123.10.

JPY
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