FX.co ★ USDJPY H1: Bearish Symmetrical Triangle

The Bearish Symmetrical Triangle pattern has formed on the USDJPY H1 chart. Its lower boundary passes through 157.99/159.58, while its upper boundary passes through 161.34/159.58. The pattern width is 335 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If USDJPY breaks below the lower boundary, the price could move toward 159.18.