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

According to the chart of M5, USDJPY formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 159.37 is likely to encourage a continuation of the downward trend.

The Double Top pattern has been formed on USDJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 156.62 is broken, the downward movement will continue.

The Double Top reversal pattern has been formed on USDJPY M5. Characteristics: the upper boundary 156.56; the lower boundary 156.39; the width of the pattern is 17 points. Sell trades are better to be opened below the lower boundary 156.39 with a possible movements towards the 156.24 level.

According to the chart of M15, USDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 158.27/159.84 whereas the upper border goes across 160.89/159.84. 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 160.07.

According to the chart of M5, USDJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 159.56 - 0.00 and support 158.88 – 158.88. In case the resistance level 158.88 - 158.88 is broken, the instrument is likely to follow the bearish trend.

According to the chart of H1, USDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 157.99/159.58 and upper border is 161.34/159.58. The pattern width is measured on the chart at -335 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and USDJPY breaches the lower border, the price could continue its move toward 159.18.

According to the chart of M30, USDJPY formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 157.99 is likely to encourage a continuation of the downward trend.

On the chart of the USDJPY M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 160.37, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 33 points.

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 160.74, with the prospect of the next move being a projection of the flagpole height.

On the chart of USDJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 159.79; the lower boundary 158.53; the width of the pattern 126 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 158.38 level.