empty
21.09.2021 07:35 AM
GBPJPY bearish pressure | 21st Sep 2021

This image is no longer relevant

Price broke downwards of a wedge pattern, signifying a bearish momentum. We can expect price to make a small bounce up to 1st Resistance in line with 23.6% Fibonacci retracement and push back down to 1st Support in line with previous swing low. Our bearish bias is further supported by the price holding below the 50period MA and the MACD indicator showing the MACD line crossed below the signal line.

Trading Recommendation

Entry: 150.113

Reason for Entry:

23.6% Fibonacci retracement

Take Profit: 149.184

Reason for Take Profit:

Horizontal swing low

Stop Loss: 150.585

Reason for Stop Loss:

38.2% Fibonacci retracement

Dean Leo,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Trading Signals for EUR/USD for January 21-25, 2025: buy above 1.0327 (21 SMA - 200 EMA)

In case the Euro falls below the 21 SMA located at 1.0327, the bearish outlook could resume and we could expect a new bearish cycle. So, the Euro could reach

Dimitrios Zappas 16:59 2025-01-21 UTC+2

Trading Signals for GOLD for January 21-25, 2025: sell below $2,739 (21 SMA - 6/8 Murray)

On the contrary, if gold consolidates below 6/8 of Murray, we could expect the metal to fall towards the 21 SMA located at 2,712 and finally towards 5/8 of Murray

Dimitrios Zappas 16:57 2025-01-21 UTC+2

Forex forecast 21/01/2025: EUR/USD, GBP/USD, USD/CAD, SP500, and Bitcoin

Video Agenda: 00:00 INTRO 00:26 Totay's key events: Average Earnings Index +Bonus, Claimant Count Change, Unemployment Rate, German ZEW Current Conditions 02:46 EUR/USD 05:33 GBP/USD 06:50 SP 500 08:23 USD/CAD

Sebastian Seliga 11:59 2025-01-21 UTC+2

EUR/USD: January 21st. The Dollar Starts the Week Poorly

On Monday, the EUR/USD pair unexpectedly continued its upward movement, reaching the resistance zone of 1.0405–1.0420. A rebound from this zone led to a reversal in favor

Samir Klishi 11:24 2025-01-21 UTC+2

GBP/USD: January 21st. New Challenges for the Pound

On the hourly chart, the GBP/USD pair on Monday rose above the corrective level of 261.8% at 1.2303. However, a close below this level suggests a reversal in favor

Samir Klishi 11:19 2025-01-21 UTC+2

Technical Analysis of Intraday Price Movement of NZD/USD Commodity Currency Pairs, Tuesday January 21, 2025.

With the appearance of divergence between the price movement of the NZD/USD commodity currency pair with the Stochastic Oscillator indicator and confirmation of its price movement moving above

Arief Makmur 09:59 2025-01-21 UTC+2

Technical Analysis of Intraday Price Movement of Platinum Commodity Instrument, Tuesday January 21, 2025.

The Platinum commodity instrument on its 4-hour chart is currently still moving in a weakening condition where this is confirmed by its price movement which is moving within the Bearish

Arief Makmur 09:59 2025-01-21 UTC+2

Video analysis for January 21, 2025

Potential for the further rally on EUR/USD

Petar Jacimovic 09:45 2025-01-21 UTC+2

EUR/USD and GBP/USD on January 21 - Technical Analysis of the Situation

The week started on a highly optimistic note. The pair managed to test its nearest key benchmarks at 1.0399 - 1.0404, which corresponds to the final level of the Ichimoku

Evangelos Poulakis 07:09 2025-01-21 UTC+2

Forecast for EUR/USD on January 21, 2025

On the day of Donald Trump's inauguration, it was announced that the new administration would not introduce "global" trade tariffs in the near future. This announcement

Laurie Bailey 04:12 2025-01-21 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.