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 Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 150.88 - 0.00 and support 150.72 – 150.72. In case the resistance level 150.72 - 150.72 is broken, the instrument is likely to follow the bearish trend.

The Double Bottom pattern has been formed on USDJPY M5. Characteristics: the support level 150.72; the resistance level 150.87; the width of the pattern 15 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 14 points.

The Triple Top pattern has formed on the chart of the USDJPY M30 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -2, support level -41, and pattern’s width 50. Forecast If the price breaks through the support level 150.60, it is likely to move further down to 150.86.

The Double Top pattern has been formed on USDJPY M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 151.05 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 151.16; the lower boundary 151.05; the width of the pattern 11 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 150.90 level.

The Double Top pattern has been formed on USDJPY M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 150.60 is broken, the downward movement will continue.

The Triple Bottom pattern has formed on the chart of USDJPY M5. Features of the pattern: The lower line of the pattern has coordinates 150.29 with the upper limit 150.29/150.27, the projection of the width is 19 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 150.10, the price is most likely to continue the upward movement.

According to the chart of M5, USDJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 150.29, the lower border is 150.10. The signal means that a short position should be opened after fixing a price below the lower border 150.10 of the Bearish Rectangle.

According to the chart of M5, USDJPY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 150.63, the lower border is 150.44. The signal means that a long position should be opened above the upper border 150.63 of the Bullish Rectangle.

The Double Top pattern has been formed on USDJPY M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 150.46 is broken, the downward movement will continue.