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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.

USD/JPY: on the cloud lining

Yesterday's trading on USD/JPY had a downward dynamic. The pair had lost approximately1 figure during the day having decreased to the upper limit of four-hour Ichimoku cloud. Tenkan-Sen and Kijun-Sen responded promptly to the decrease by annuling the active golden cross.

However, such a decrease is still rather correctional due to the bullish trend of Ichimoku Cloud. Hence, market growth recovery remains quite possible. The only thing bulls need to do for it is to take hold above Senkou Span A.

Technical Levels: Support – 109.00; resistance 109.80, 110.10.

Trading recommendations:

1. Buy — 109.00/20; SL — 108.80; TP1 — 109.80; TP2 — 110.10.

JPY
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