The M5 and M15 time frames may have more false entry points.
FX.co ★ USDJPY M15: Bullish Rectangle
Signal strength 2 of 5
USDJPY M15: Bullish Rectangle
According to the chart of M15, USDJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 104.44 – 104.44 and upper border 104.59 – 104.59. In case the upper border is broken, the instrument is likely to follow the upward trend.