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: key time for 108.00

Daily. USD/JPY tried to bottom around 108.00 during the past week. The bulls tried to make the pair stay above 109.00. However, on Friday they were stopped by Tenkan-sen, and the pair once again fell to 108.00.

As a result, despite the fact that the market is oversold, all lines of the daily Ichimoku indicator are pointed to the downside. The Cloud is expanding, the “dead cross” is active. As a result, the bears will likely soon attack 108.00 once again.  

H4. On H4 the pair reached the Ichimoku Cloud, but the narrowing of Tenkan-Kijun channel and the pair’s return to 108.70 don’t allow the bulls to continue correction to the upside. 

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