FX.co ★ Actual patterns. Technical analysis and trading recommendations

According to the chart of M5, USDJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 155.03 and 154.60 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 43 pips. Outlook: If the upper border 155.03 is broken, the price is likely to continue its move by 155.00.

The Triple Bottom pattern has been formed on USDJPY M5. It has the following characteristics: resistance level 154.56/154.48; support level 154.26/154.31; the width is 30 points. In the event of a breakdown of the resistance level of 154.56, the price is likely to continue an upward movement at least to 154.42.

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 153.98 is broken, the downward movement will continue.

On the chart of USDJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 154.71; the lower boundary 154.42; the width of the pattern 29 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 154.27 level.

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 155.10 is broken. The further movements will rely on the width of the current pattern 21 points.

The Double Bottom pattern has been formed on USDJPY M5. Characteristics: the support level 154.89; the resistance level 155.10; the width of the pattern 21 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 22 points.

According to the chart of M5, USDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 155.07/155.34 and upper border is 155.67/155.34. The pattern width is measured on the chart at -60 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 155.19.

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 155.90/155.36 whereas the lower border goes across 154.86/155.36. The pattern width is measured on the chart at 104 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 155.36 is broken, the price could continue its move toward 155.59.

On the chart of USDJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 155.86; the lower boundary 155.67; the width of the pattern 19 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 155.52 level.

On the chart of USDJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 154.74; the lower boundary 154.68; the width of the pattern 6 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 154.53 level.