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According to the chart of M5, USDJPY formed the Head and Shoulders pattern. The Head’s top is set at 159.08 while the median line of the Neck is found at 158.88/158.84. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of USDJPY will go towards 158.69.

The Double Bottom pattern has been formed on USDJPY M5; the upper boundary is 159.01; the lower boundary is 158.84. The width of the pattern is 16 points. In case of a break of the upper boundary 159.01, 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.

On the chart of USDJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 158.75; the lower boundary 158.63; the width of the pattern 12 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 158.48 level.

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 157.82 – 157.82 and upper border 157.95 – 157.95. In case the upper border is broken, the instrument is likely to follow the upward trend.

According to the chart of H1, USDJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 157.74 – 157.74 and upper border 157.93 – 157.93. In case the upper border is broken, the instrument is likely to follow the upward trend.

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 157.93 and support 157.74. In case the resistance level 157.93 - 157.93 is broken, the instrument is likely to follow the bullish trend.

According to the chart of M5, USDJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 157.91 and 157.71 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 20 pips. Outlook: If the upper border 157.91 is broken, the price is likely to continue its move by 157.97.

According to the chart of M5, USDJPY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 157.93, the lower border is 157.85. The signal means that a long position should be opened above the upper border 157.93 of the Bullish Rectangle.

According to the chart of M5, USDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 157.55/157.68 whereas the upper border goes across 157.79/157.68. 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 157.83.

The technical pattern called Head and Shoulders has appeared on the chart of USDJPY M5. There are weighty reasons to suggest that the price will surpass the Neckline 157.69/157.69 after the right shoulder has been formed. So, the trend is set to change with the price heading for 157.54.