The M5 and M15 time frames may have more false entry points.
FX.co ★ USDJPY M5: Bullish Symmetrical Triangle
Signal strength 1 of 5
USDJPY M5: Bullish Symmetrical Triangle
According to the chart of M5, USDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 104.18/104.25 whereas the upper border goes across 104.32/104.25. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of USDJPY will breach the upper border to head for 104.40.