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

The Triple Bottom pattern has formed on the chart of the USDJPY M30 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 153.06/152.14.

The Double Top reversal pattern has been formed on USDJPY M5. Characteristics: the upper boundary 152.86; the lower boundary 152.68; the width of the pattern is 17 points. Sell trades are better to be opened below the lower boundary 152.68 with a possible movements towards the 152.53 level.

The Bullish Flag pattern has been formed on USDJPY at M5. The lower boundary of the pattern is located at 153.38/153.34, while the higher boundary lies at 153.40/153.36. The projection of the flagpole is 12 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 153.40 is broken, the price will move further upwards.

The Bullish pennant signal – Trading instrument USDJPY M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 153.40, with the prospect of the next move being a projection of the flagpole height.

According to the chart of M5, USDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 152.81/153.20 whereas the upper border goes across 153.50/153.20. 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 153.35.

According to the chart of M15, USDJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 152.79 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -76 pips.

According to the chart of M5, USDJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 152.79 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -76 pips.

The Bearish pennant pattern has formed on the USDJPY M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 152.96 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.

According to the chart of M5, USDJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 153.45 and 153.25 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 20 pips. Outlook: If the upper border 153.45 is broken, the price is likely to continue its move by 153.51.

The Triple Bottom pattern has formed on the chart of the USDJPY M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 153.14/153.06.