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

USDJPY M5

Bearish Flag
The Bearish Flag pattern has been formed on USDJPY at M5. The lower boundary of the pattern is located at 109.54/109.56 while the upper boundary lies at 109.54/109.56. The projection of the flagpole is 6 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 109.54 is broken, the price will move further downwards.
2021-07-29

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 109.54, a trader will be able to successfully enter the sell position.
2021-07-29

USDJPY M5

Bearish pennant
The Bearish pennant pattern has formed on the USDJPY M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 109.47 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.
2021-07-29

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 109.73, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 16 points.
2021-07-29

USDJPY M30

Inverse Head and Shoulder
According to M30, USDJPY is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 110.18/110.23 is broken out, the instrument is likely to move toward 110.53.
2021-07-28

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 110.04, a trader will be able to successfully enter the sell position.
2021-07-28

USDJPY M5

Double Top
On the chart of USDJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 110.22; the lower boundary 110.11; the width of the pattern 11 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 109.96 level.
2021-07-28

USDJPY M5

Double Bottom
The Double Bottom pattern has been formed on USDJPY M5; the upper boundary is 109.82; the lower boundary is 109.75. The width of the pattern is 7 points. In case of a break of the upper boundary 109.82, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.
2021-07-28

USDJPY M15

Bearish Flag
The Bearish Flag pattern has been formed on the chart USDJPY M15 which signals that the downward trend will continue. If the price breaks below the low at 110.12, then it is most likely to move further downwards. The price will likely move by the number of points which equals the length of the flag pole (15 points).
2021-07-26

USDJPY M15

Bearish pennant
The Bearish pennant pattern has formed on the USDJPY M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 110.12; the projection of the flagpole height is equal to 22 pips. In case the price breaks out the pattern’s bottom of 110.12, the downtrend is expected to continue for further level 109.89.
2021-07-26