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 full of optimism

 Tatiana Norkina, FBS analyst

During yesterday's trading session, the USD/JPY currency pair continued its recovery and by the end of the day, exceeded the two-months old maximums. The extremum of the day was registered at 121.70. It should be noted that the pair has long been trying to break through the 120.60 resistance.

The four-hour trend remains bullish. The golden cross formed by the Tenkan and Kijun lines, as well as the positive Ichimoku cloud are obvious to maintain interest of the buyers. Therefore, we expect the currency pair rate growth in the short term.

Technical levels: support – 121.20; resistance – 121.70.

Trade recommendations:

1. Buy — 121.50; SL — 121.30; TP1 — 122.15; TP2 — 122.50.

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