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

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.

The Double Top reversal pattern has been formed on USDJPY M5. Characteristics: the upper boundary 140.98; the lower boundary 140.57; the width of the pattern is 42 points. Sell trades are better to be opened below the lower boundary 140.57 with a possible movements towards the 140.42 level.

The Triple Bottom pattern has formed on the chart of the USDJPY M30 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 141.08/141.05.

The Triple Bottom pattern has formed on the chart of USDJPY M15. Features of the pattern: The lower line of the pattern has coordinates 140.99 with the upper limit 140.99/140.92, the projection of the width is 35 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 140.64, the price is most likely to continue the upward movement.

The Double Bottom pattern has been formed on USDJPY M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 140.85 is broken. The further movements will rely on the width of the current pattern 17 points.

The Bearish Flag pattern has been formed on USDJPY at M15. The lower boundary of the pattern is located at 140.89/141.19 while the upper boundary lies at 141.19/141.49. The projection of the flagpole is 77 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 140.89 is broken, the price will move further downwards.