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FX.co ★ USDJPY M5: Bullish pennant

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Technical Analysis Patterns

2024-11-18T10:20:28
Signal strength 1 of 5

USDJPY M5: Bullish pennant

Bullish pennantThe Bullish pennant graphic pattern has formed on the USDJPY M5 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 155.10.
The M5 and M15 time frames may have more false entry points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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Other patterns by USDJPY