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 Bulls stumbled on 106.00.

The currency pair USD/JPY kept above the line Tenkan-sen during yesterday’s session and the bulls tried to continue the uptrend. However, in the area of 106.30/40, as we noted earlier, there is a strong resistance that does not pass its higher.

Given the local overbought of the market we expect a correction to the Ichimoku cloud.

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

Trade recommendations:

1. Sell — 106.00; SL — 106.20; TP1 — 105.10; TP2 — 104.10.

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