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 correction of prices to be expected

As we expected, yesterday's trades keeps in a strictly bullish mode. The market has updated a 3W-high, growing up to 106th figure. The Bulls are supported by gold cross and the positive character of the cloud.

By the evening the prices has corrected to the Tenkan-sen, but the bullish mood does not leave the traders. And note – there is the strong overbought market. Therefore pay attention to the level of 106.40, which may start deeper correction.

Technical levels: support – 105.10; resistance – 106.00, 106.40.

Trade recommendations:

1. Sell — 106.40; SL — 106.60; TP1 — 105.10; TP2 — 104.10.

Scroll to top