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FX.co ★ USDJPY M5: Bullish Flag

USDJPY M5: Bullish Flag

Bullish FlagThe Bullish Flag pattern has formed on the USDJPY M5 chart. Its lower boundary passes through 157.16/157.08, while its upper boundary passes through 157.26/157.18. The projected flagpole height is 36 points. The formation indicates that the uptrend is likely to continue. A break above 157.26 would confirm further upward movement.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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