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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: an oversold correction

The currency pair USD/JPY kept on the support of 100.20 on last Friday. Oversold market has given the bulls a chance to restore the prices and this morning we saw the rising of the pair above the resistance 101.20. Obviously, the correction will continue to the levels of the cloud’s lower limits - 102.20. After that we expect the continuation of the downtrend.

Technical levels: support – 101.00, 100.20, 99.60; resistance – 102.20, 102.70.

Trade recommendations:

1. Sell — 102.20; SL — 102.40; TP1 — 101.20; TP2 — 101.00.

JPY
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