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.

USDJPY trading within cloud

 Tatiana Norkina, FBS analyst

The USD/JPY currency pair rate was recovering to the four-hour Ichimoku cloud upper border during yesterday's trading, breaking through the Tenkan and Kijun lines resistance. By this morning, the situation is two-way. On the one hand, the dead cross is active, the cloud is expanding downwards and the bulls are opposed by the horizontal Senkou Span B in the 120.60/70 area. On the other hand, the bulls have broken through the Kijun-sen resistance at 120.40. The pair's future fate is obvious to be decided at these levels.

Technical levels: support – 120.30/40; resistance – 120.60, 121.10, 122.00.

Trade recommendations:

1. Buy — 120.50; SL — 120.30; TP1 — 121.10; TP2 — 122.00.

2. Sell — 120.20; SL — 120.40; TP1 — 119.40; TP2 — 118.80.

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