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

USDJPY M5

Bearish Rectangle
According to the chart of M5, USDJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 104.34, the lower border is 104.29. The signal means that a short position should be opened after fixing a price below the lower border 104.29 of the Bearish Rectangle.
2020-12-01

USDJPY M30

Head and Shoulders
According to the chart of M30, USDJPY formed the Head and Shoulders pattern. The Head’s top is set at 104.58 while the median line of the Neck is found at 104.31/104.32. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of USDJPY will go towards 104.02.
2020-12-01

USDJPY M30

Bullish Rectangle
According to the chart of M30, USDJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 104.24 – 104.24 and upper border 104.41 – 104.41. In case the upper border is broken, the instrument is likely to follow the upward trend.
2020-12-01

USDJPY M15

Bullish Rectangle
According to the chart of M15, USDJPY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 104.41, the lower border is 104.24. The signal means that a long position should be opened above the upper border 104.41 of the Bullish Rectangle.
2020-12-01

USDJPY M15

Double Top
The Double Top pattern has been formed on USDJPY M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 104.27 is broken, the downward movement will continue.
2020-12-01

USDJPY M30

Bearish Symmetrical Triangle
According to the chart of M30, USDJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 103.84 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -54 pips.
2020-11-30

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 104.18/104.25 whereas the upper border goes across 104.32/104.25. 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 104.40.
2020-11-26

USDJPY M5

Bullish Rectangle
According to the chart of M5, USDJPY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 104.60, the lower border is 104.52. The signal means that a long position should be opened above the upper border 104.60 of the Bullish Rectangle.
2020-11-24

USDJPY M5

Inverse Head and Shoulder
According to the chart of M5, USDJPY produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 104.15 while the median line of the Neck is set at 104.34/104.31. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of USDJPY will go towards 104.46.
2020-11-24

USDJPY M15

Bullish Rectangle
According to the chart of M15, USDJPY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 104.59, the lower border is 104.44. The signal means that a long position should be opened above the upper border 104.59 of the Bullish Rectangle.
2020-11-23