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 collapsed under the Ichimoku cloud

 Tatiana Norkina, FBS analyst

The currency pair USD/JPY did not manage to break through the resistance of 123.60 again. Two-day decline in the rate deep into the four-hour Ichimoku cloud has led to sudden activization of bears – yesterday support of the line Senkou Span B was broken through. Thus, the pair has collapsed to the negative zone, having replaced technical analysis into bearish one on the four-hour timeframe.

Obviously, due to the oversold situation, soon market will try to recover to Tenkan and Kijun lines. But then decrease can be continued.

Technical levels: support – 121.20, 120.80; resistance – 122.10, 122.30.

Trade recommendations

1. Sell — 122.10; SL — 122.20; TP1 — 121.20; TP2 — 120.80.


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