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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: rebounding from the clouds

As we expected, yesterday the pair USD/JPY was trading at the lower boundary of the four-hour Ichimoku cloud. The bulls failed breaking out that resistance. Therefore the downtrend was continued. Today trading goes already at the 102-th figure. Tenkan-Sen and Kijun-sen formed a new dead cross. Ichimoku Cloud is extended downwards. We expect decreasing the market to new lows.

Technical levels: support – 102.00; resistance – 102.40.

Trade recommendations:

1. Sell — 102.20/30; SL — 102.50; TP1 — 101.50; TP2 — 101.00.

JPY
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