FX.co ★ USDJPY H1: Bearish Symmetrical Triangle

According to the chart of H1, USDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 157.99/159.58 and upper border is 161.34/159.58. The pattern width is measured on the chart at -335 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and USDJPY breaches the lower border, the price could continue its move toward 159.18.