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

USDJPY M5

Double Top
The Double Top reversal pattern has been formed on USDJPY M5. Characteristics: the upper boundary 151.38; the lower boundary 151.25; the width of the pattern is 14 points. Sell trades are better to be opened below the lower boundary 151.25 with a possible movements towards the 151.10 level.
2024-03-28

USDJPY M5

Bearish Symmetrical Triangle
According to the chart of M5, USDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 151.17/151.28 and upper border is 151.36/151.28. The pattern width is measured on the chart at -19 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 151.13.
2024-03-28

USDJPY M5

Bullish Symmetrical Triangle
According to the chart of M5, USDJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 151.55/151.39 whereas the lower border goes across 151.26/151.39. The pattern width is measured on the chart at 29 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 151.39 is broken, the price could continue its move toward 151.54.
2024-03-28

USDJPY M5

Bearish Symmetrical Triangle
According to the chart of M5, USDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 151.24/151.32 and upper border is 151.43/151.32. The pattern width is measured on the chart at -19 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 151.17.
2024-03-28

USDJPY M5

Bearish Rectangle
According to the chart of M5, USDJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 151.26 - 0.00 and support 151.04 – 151.04. In case the resistance level 151.04 - 151.04 is broken, the instrument is likely to follow the bearish trend.
2024-03-27

USDJPY M5

Triple Bottom
The Triple Bottom pattern has formed on the chart of USDJPY M5. Features of the pattern: The lower line of the pattern has coordinates 151.45 with the upper limit 151.45/151.23, the projection of the width is 34 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 151.11, the price is most likely to continue the upward movement.
2024-03-27

USDJPY M5

Bullish Rectangle
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 151.55 and support 151.43. In case the resistance level 151.55 - 151.55 is broken, the instrument is likely to follow the bullish trend.
2024-03-25

USDJPY M5

Double Top
On the chart of USDJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 151.55; the lower boundary 151.44; the width of the pattern 11 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 151.29 level.
2024-03-25

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 151.33/151.40 whereas the upper border goes across 151.45/151.40. 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 151.55.
2024-03-22

USDJPY M5

Double Top
The Double Top pattern has been formed on USDJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 151.56 is broken, the downward movement will continue.
2024-03-22