FX.co - USD/JPY analysis for September 21 2021 - Downside continuation in the play

21 September 2021 at 11:38AM (UTC+0)

Relevance until22 September 2021 at 11:38AM (UTC+0)

Technical analysis:

USD/JPY analysis for September 21 2021 - Downside continuation in the play

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

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ USD/JPY analysis for September 21 2021 - Downside continuation in the play