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 157.53/157.65 whereas the upper border goes across 157.78/157.65. 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 157.80.