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 retaining bullish trend

 Tatiana Norkina, FBS analyst

The USD/JPY currency pair managed to get into the positive area yesterday, breaking through the Ichimoku cloud upper border. The bulls have updated the pair's highs for the past two weeks, restoring the market to the 123.30 mark, but were immediately pulled back.

Today's trading began with a sharp decline of the rate into the ​​122.75 area, which was, obviously, a reaction of market participants to the local overboughtness – Chinkou Span was in the corresponding area. So far, the pair is holding above all lines of the Indicator. Tenkan-sen and Kijun-sen have formed a golden cross. Therefore, chances of recovery are still high.

Technical levels: support – 122.80; resistance – 123.20.

Trade recommendations:

1. Buy — 123.00; SL — 122.80; TP1 — 123.50; TP2 — 124.30.

Scroll to top