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

USDJPY M5

Bearish Rectangle
According to the chart of M5, USDJPY formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 104.29 – 104.29 and upper border 104.34 – 104.34. In case the lower border is broken, the instrument is likely to follow the downward trend.
2020-12-01

USDJPY M30

Head and Shoulders
According to the chart of M30, USDJPY formed the Head and Shoulders pattern. The Head’s top is set at 104.58 while the median line of the Neck is found at 104.31/104.32. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of USDJPY will go towards 104.02.
2020-12-01

USDJPY M30

Bullish Rectangle
According to the chart of M30, USDJPY formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 104.41 and support 104.24. In case the resistance level 104.41 - 104.41 is broken, the instrument is likely to follow the bullish trend.
2020-12-01

USDJPY M15

Bullish Rectangle
According to the chart of M15, USDJPY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 104.41, the lower border is 104.24. The signal means that a long position should be opened above the upper border 104.41 of the Bullish Rectangle.
2020-12-01

USDJPY M15

Double Top
On the chart of USDJPY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 104.37; the lower boundary 104.27; the width of the pattern 10 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 104.04 level.
2020-12-01

USDJPY M30

Bearish Symmetrical Triangle
According to the chart of M30, USDJPY formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 103.84 is likely to encourage a continuation of the downward trend.
2020-11-30

USDJPY M5

Bullish Symmetrical Triangle
According to the chart of M5, USDJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 104.32 and 104.18 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 14 pips. Outlook: If the upper border 104.32 is broken, the price is likely to continue its move by 104.40 pips.
2020-11-26

USDJPY M5

Bullish Rectangle
According to the chart of M5, USDJPY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 104.60, the lower border is 104.52. The signal means that a long position should be opened above the upper border 104.60 of the Bullish Rectangle.
2020-11-24

USDJPY M5

Inverse Head and Shoulder
According to M5, USDJPY is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 104.34/104.31 is broken out, the instrument is likely to move toward 104.46.
2020-11-24

USDJPY M15

Bullish Rectangle
According to the chart of M15, USDJPY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 104.59, the lower border is 104.44. The signal means that a long position should be opened above the upper border 104.59 of the Bullish Rectangle.
2020-11-23