FX.co ★ Actual patterns. Technical analysis and trading recommendations

The Double Bottom pattern has been formed on USDJPY M5. Characteristics: the support level 143.25; the resistance level 143.74; the width of the pattern 49 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 50 points.

The Triple Bottom pattern has been formed on USDJPY M5. It has the following characteristics: resistance level 143.53/143.49; support level 143.24/143.25; the width is 29 points. In the event of a breakdown of the resistance level of 143.53, the price is likely to continue an upward movement at least to 143.42.

On the chart of the USDJPY M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 143.58, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 23 points.

According to the chart of M5, USDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 142.45/142.62 whereas the upper border goes across 142.83/142.62. 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 142.77.

According to the chart of M5, USDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 142.41/142.64 whereas the upper border goes across 142.84/142.64. 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 142.79.

According to the chart of M5, USDJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 142.20 – 142.20 and upper border 142.80 – 142.80. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Triple Bottom pattern has formed on the chart of the USDJPY M15 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 142.25/141.96.

The Double Bottom pattern has been formed on USDJPY M15; the upper boundary is 141.96; the lower boundary is 141.59. The width of the pattern is 41 points. In case of a break of the upper boundary 141.96, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

According to the chart of M30, USDJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 140.49 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -61 pips.

According to the chart of M15, USDJPY formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 140.49 is likely to encourage a continuation of the downward trend.