FX.co ★ Actual patterns. Technical analysis and trading recommendations

According to the chart of M5, USDJPY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 155.38, the lower border is 155.21. The signal means that a long position should be opened above the upper border 155.38 of the Bullish Rectangle.

The Double Top reversal pattern has been formed on USDJPY M30. Characteristics: the upper boundary 155.38; the lower boundary 155.23; the width of the pattern is 15 points. Sell trades are better to be opened below the lower boundary 155.23 with a possible movements towards the 154.93 level.

The Double Top reversal pattern has been formed on USDJPY M15. Characteristics: the upper boundary 155.38; the lower boundary 155.23; the width of the pattern is 15 points. Sell trades are better to be opened below the lower boundary 155.23 with a possible movements towards the 155.01 level.

According to the chart of M5, USDJPY formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 154.95 and support 154.91. In case the resistance level 154.95 - 154.95 is broken, the instrument is likely to follow the bullish trend.

According to the chart of M5, USDJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 154.74 – 154.74 and upper border 154.83 – 154.83. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Triple Top pattern has formed on the chart of the USDJPY M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -1, support level -2, and pattern’s width 3. Forecast If the price breaks through the support level 154.80, it is likely to move further down to 154.70.

According to the chart of M5, USDJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 154.78 – 154.78 and upper border 154.85 – 154.85. In case the upper border is broken, the instrument is likely to follow the upward trend.

On the chart of USDJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 154.87; the lower boundary 154.78; the width of the pattern 9 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 154.63 level.

According to the chart of M5, USDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 154.76/154.81 whereas the upper border goes across 154.86/154.81. 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 154.96.

On the chart of USDJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 154.79; the lower boundary 154.72; the width of the pattern 7 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 154.57 level.