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

USDJPY M5

Bullish Symmetrical Triangle
According to the chart of M5, USDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 129.21/129.32 whereas the upper border goes across 129.44/129.32. 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 129.47.
2022-05-16

USDJPY M5

Bearish Rectangle
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 129.01 - 0.00 and support 128.68 – 128.68. In case the resistance level 128.68 - 128.68 is broken, the instrument is likely to follow the bearish trend.
2022-05-16

USDJPY M5

Double Bottom
The Double Bottom pattern has been formed on USDJPY M5. Characteristics: the support level 128.68; the resistance level 129.01; the width of the pattern 33 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 31 points.
2022-05-16

USDJPY M5

Double Top
The Double Top reversal pattern has been formed on USDJPY M5. Characteristics: the upper boundary 129.46; the lower boundary 129.33; the width of the pattern is 14 points. Sell trades are better to be opened below the lower boundary 129.33 with a possible movements towards the 129.18 level.
2022-05-16

USDJPY M15

Double Top
The Double Top reversal pattern has been formed on USDJPY M15. Characteristics: the upper boundary 129.42; the lower boundary 129.13; the width of the pattern is 27 points. Sell trades are better to be opened below the lower boundary 129.13 with a possible movements towards the 128.90 level.
2022-05-13

USDJPY M5

Double Top
The Double Top reversal pattern has been formed on USDJPY M5. Characteristics: the upper boundary 129.07; the lower boundary 128.88; the width of the pattern is 18 points. Sell trades are better to be opened below the lower boundary 128.88 with a possible movements towards the 128.73 level.
2022-05-13

USDJPY M5

Triple Top
The Triple Top pattern has formed on the chart of the USDJPY M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 128.11/128.19 with the upper limit 128.35/128.38; the projection of the width is 24 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 128.11, the price is most likely to continue the downward movement.
2022-05-12

USDJPY M15

Double Bottom
The Double Bottom pattern has been formed on USDJPY M15. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 128.86 is broken. The further movements will rely on the width of the current pattern 44 points.
2022-05-12

USDJPY M15

Double Top
The Double Top reversal pattern has been formed on USDJPY M15. Characteristics: the upper boundary 130.43; the lower boundary 130.25; the width of the pattern is 19 points. Sell trades are better to be opened below the lower boundary 130.25 with a possible movements towards the 130.02 level.
2022-05-11

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. 130.42 and 130.23 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 19 pips. Outlook: If the upper border 130.42 is broken, the price is likely to continue its move by 130.46 pips.
2022-05-10