FX.co ★ Patterns USDJPY | US Dollar (USD) to Japanese Yen (JPY) Rate in the Forex market

The Double Top pattern has been formed on USDJPY M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 155.79 is broken, the downward movement will continue.

According to the chart of M5, USDJPY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 155.63, the lower border is 155.44. The signal means that a long position should be opened above the upper border 155.63 of the Bullish Rectangle.

The Triple Top pattern has formed on the chart of the USDJPY M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 155.44/155.55 with the upper limit 155.63/155.61; the projection of the width is 19 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 155.44, the price is most likely to continue the downward movement.

According to the chart of M30, USDJPY formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 154.95 and support 154.52. In case the resistance level 154.95 - 154.95 is broken, the instrument is likely to follow the bullish trend.

According to the chart of M15, USDJPY formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 154.95 and support 154.52. In case the resistance level 154.95 - 154.95 is broken, the instrument is likely to follow the bullish trend.

The Double Top reversal pattern has been formed on USDJPY M30. Characteristics: the upper boundary 154.93; the lower boundary 154.52; the width of the pattern is 43 points. Sell trades are better to be opened below the lower boundary 154.52 with a possible movements towards the 154.22 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 154.52 is broken, the downward movement will continue.

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.

The Double Bottom pattern has been formed on USDJPY M5. Characteristics: the support level 153.75; the resistance level 153.82; the width of the pattern 7 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 7 points.

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 153.66 is broken, the downward movement will continue.