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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.

USD/JPY set to decline

 Tatiana Norkina, FBS analyst

By the end of yesterday's trading, the USD/JPY currency pair rate has remained below all Ichimoku indicator lines. The bulls have failed to overcome the Tenkan and Kijun lines resistance under the pressure of the bearish cloud and, apparently, abandoned their plans to return to the cloud. Therefore, today, the sellers have gone on the offensive, breaking the 119th figure support level downwards. The dead cross and the downward expanding cloud will be supporting the negative sentiment in the market.

Technical levels: support – 118.80; resistance – 119.50.

Trade recommendations:

1. Sell — 118.90; SL — 119.10; TP1 — 118.20; TP2 — 117.80.

JPY
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