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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: meeting with the cloud

The bullish sentiment prevailed yesterday on market of the currency pair USD/JPY. Correction caused by market’s oversold has continued deep into the Ichimoku cloud on the four-hour timeframe. And rising has continued to the 103-rd figure. There was a bulls meeting with resistance of the clouds top bounds. It makes sense to expect a downward rebounding and a continuation of trading inside a cloud.

Technical levels: support – 101.70, 101.00; resistance – 103.10.

Trade recommendations:

1. Sell — 103.00; SL — 103.20; TP1 — 102.00; TP2 — 101.70.

JPY
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