empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

21.09.202113:38 Forex Analysis & Reviews: USD/JPY analysis for September 21 2021 - Downside continuation in the play

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Technical analysis:

Exchange Rates 21.09.2021 analysis

USD/JPY has been trading downside due to breakout of the bear flag pattern and strong selling pressure.

Trading recommendation:

Watch for the selling opportunities on the rallies with the downside targets at 109,32 and 109,13.

Stochastic is showing fresh bear cross and bear divergence, which is another sign and confirmation for the downside continuation.

Resistance is set at 109,70

Petar Jacimovic
Analytical expert of InstaForex
© 2007-2024

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off