FX.co ★ USDJPY M30: Bearish Symmetrical Triangle

According to the chart of M30, USDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 103.84/104.16 and upper border is 104.38/104.16. The pattern width is measured on the chart at -54 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 103.86.