FX.co ★ 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 152.81/153.20 whereas the upper border goes across 153.50/153.20. 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 153.35.