logo

FX.co ★ USDJPY M5: Bullish Pennant

USDJPY M5: Bullish Pennant

Bullish PennantA Bullish Pennant continuation signal has formed on the USDJPY M5 chart. A long position may be considered above the pattern high at 160.74, with the projected move based on the height of the flagpole.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the patterns list Go to graph