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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: the bears are coming

As we expected, rebound from the bottom of the four-hour Ichimoku’s cloud has led to a resumption of the downtrend on USD/JPY market. During the past days the currency pair has updated 2-week lows dropping to 100.60. It’s a strong supporting area.

There is a bearish picture on the four-hour timeframe: a dead cross and negative cloud are tuned up for the sales. At the same time the market is very oversold right now. There may be correctional movements.

Technical levels: support – 100.60, 99.60; resistance – 102.40.

Trade recommendations:

1. Sell — 101.40; SL — 101.60; TP1 — 100.60; TP2 — 99.60.

JPY
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