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FX.co ★ Patterns USDJPY | US Dollar (USD) to Japanese Yen (JPY) Rate in the Forex market

USDJPY M5

Bullish Flag
The Bullish Flag pattern has been formed on USDJPY at M5. The lower boundary of the pattern is located at 133.75/133.63, while the higher boundary lies at 133.91/133.79. The projection of the flagpole is 37 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 133.91 is broken, the price will move further upwards.
2022-08-12

USDJPY M5

Bullish pennant
The Bullish pennant graphic pattern has formed on the USDJPY M5 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 134.06.
2022-08-12

USDJPY M15

Bearish Rectangle
According to the chart of M15, USDJPY formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 132.45 – 132.45 and upper border 132.71 – 132.71. In case the lower border is broken, the instrument is likely to follow the downward trend.
2022-08-11

USDJPY M5

Bearish Rectangle
According to the chart of M5, USDJPY formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 132.45 – 132.45 and upper border 132.71 – 132.71. In case the lower border is broken, the instrument is likely to follow the downward trend.
2022-08-11

USDJPY M15

Double Bottom
The Double Bottom pattern has been formed on USDJPY M15. Characteristics: the support level 132.45; the resistance level 132.68; the width of the pattern 23 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 22 points.
2022-08-11

USDJPY M5

Double Bottom
The Double Bottom pattern has been formed on USDJPY M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 132.68 is broken. The further movements will rely on the width of the current pattern 23 points.
2022-08-11

USDJPY M5

Bearish pennant
The Bearish pennant pattern has formed on the USDJPY M5 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 132.88, a trader will be able to successfully enter the sell position.
2022-08-11

USDJPY M5

Triple Top
On the chart of the USDJPY M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 132.86, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 21 points.
2022-08-10

USDJPY M5

Double Bottom
The Double Bottom pattern has been formed on USDJPY M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 132.35 is broken. The further movements will rely on the width of the current pattern 29 points.
2022-08-10

USDJPY M5

Bullish Rectangle
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 135.11 – 135.11 and upper border 135.21 – 135.21. In case the upper border is broken, the instrument is likely to follow the upward trend.
2022-08-09