FX.co ★ USDJPY M5: Bearish Symmetrical Triangle

According to the chart of M5, USDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 148.49/148.90 and upper border is 149.31/148.90. The pattern width is measured on the chart at -82 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 148.75.