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FX.co ★ USDJPY M5: Bullish Symmetrical Triangle

USDJPY M5: Bullish Symmetrical Triangle

Bullish Symmetrical TriangleAccording to the chart of M5, USDJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 129.44 and 129.21 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 23 pips. Outlook: If the upper border 129.44 is broken, the price is likely to continue its move by 129.47.
The M5 and M15 time frames may have more false entry points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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