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

The Double Top pattern has been formed on USDJPY M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 159.45 is broken, the downward movement will continue.

The Double Top reversal pattern has been formed on USDJPY M30. Characteristics: the upper boundary 159.51; the lower boundary 159.45; the width of the pattern is 6 points. Sell trades are better to be opened below the lower boundary 159.45 with a possible movements towards the 159.15 level.

The Double Top reversal pattern has been formed on USDJPY M15. Characteristics: the upper boundary 159.51; the lower boundary 159.44; the width of the pattern is 7 points. Sell trades are better to be opened below the lower boundary 159.44 with a possible movements towards the 159.21 level.

According to the chart of M15, USDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 159.19/159.28 and upper border is 159.41/159.28. The pattern width is measured on the chart at -22 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 159.05.

The Double Bottom pattern has been formed on USDJPY M5. Characteristics: the support level 159.45; the resistance level 159.53; the width of the pattern 8 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 8 points.

According to the chart of M5, USDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 159.50/159.54 whereas the upper border goes across 159.57/159.54. 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 159.69.

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 159.31/159.33 with the upper limit 159.39/159.38; the projection of the width is 8 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 159.31, the price is most likely to continue the downward movement.

According to the chart of M15, USDJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 159.36/158.97 whereas the lower border goes across 158.68/158.97. The pattern width is measured on the chart at 68 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 158.97 is broken, the price could continue its move toward 159.20.

The Double Bottom pattern has been formed on USDJPY M5. Characteristics: the support level 158.86; the resistance level 158.96; the width of the pattern 10 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 10 points.

The Triple Top pattern has formed on the chart of the USDJPY M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -1, support level -6, and pattern’s width 9. Forecast If the price breaks through the support level 159.01, it is likely to move further down to 158.95.