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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 strengthening

 Tatiana Norkina, FBS analyst

The USD/JPY currency pair ended up again next to the four-hour Ichimoku cloud during yesterday's trading session. The bears are increasing pressure and trying to break the cloud downwards, which is why, the Senkou Span A and B lines cannot reinforce its bullish character. More to that, the pair has gotten into the negative zone this morning, which could affect further trading since consolidation under the cloud may mean the end of the bulls' attempts to recover the market.

Technical levels: support – 119.60; resistance – 120.00.

Trade recommendations: off the market.

JPY
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