The M5 and M15 time frames may have more false entry points.
FX.co ★ USDJPY M5: Bullish Symmetrical Triangle
Signal strength 1 of 5
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 155.57/155.96 whereas the upper border goes across 156.29/155.96. 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 156.11.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade