FX.co ★ USDJPY H1: Bearish Symmetrical Triangle

According to the chart of H1, USDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 151.30/153.36 and upper border is 154.91/153.36. The pattern width is measured on the chart at -361 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 152.96.