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

The Bullish Rectangle has formed on the USDJPY M5 chart and indicates a likely continuation of the trend. Its upper boundary is at 159.06 and its lower boundary is at 158.97. A long position may be considered after the price breaks above the upper boundary at 159.06 of the Bullish Rectangle.

The Double Top reversal pattern has formed on the USDJPY M15 chart. Its upper boundary is at 159.05, its lower boundary is at 158.86, and its width is 20 points. A short position may be considered below the lower boundary at 158.86, with a potential target at 158.63.

The Bullish Flag continuation pattern has formed on the USDJPY M5 chart. If the price breaks above the pattern high at 158.92, a long position may be considered with a target at 159.07.

The Bullish Pennant pattern has formed on the USDJPY M5 chart. This is a continuation pattern. If the price closes above the pennant high at 158.92, the uptrend is likely to continue.

The Triple Top reversal pattern has formed on the USDJPY M5 chart. Its upper boundary is at 159.76/159.77, its lower boundary is at 159.64/159.70, and its current width is 9 points. If the confirmation support at 159.64 is broken, that width can be used to project the downward move.

The Bearish Symmetrical Triangle pattern has formed on the USDJPY M5 chart. A break below the lower boundary at 159.37 is likely to signal a continuation of the downtrend.

The Double Top pattern has formed on the USDJPY M5 chart and signals a potential reversal from an uptrend to a downtrend. A break below the pattern base at 156.62 is likely to confirm further downward movement.

The Double Top reversal pattern has formed on the USDJPY M5 chart. Its upper boundary is at 156.56, its lower boundary is at 156.39, and its width is 17 points. A short position may be considered below the lower boundary at 156.39, with a potential target at 156.24.

The Bullish Symmetrical Triangle pattern has formed on the USDJPY M15 chart. Its lower boundary passes through 158.27/159.84, while its upper boundary passes through 160.89/159.84. The Bullish Symmetrical Triangle is a continuation pattern and therefore supports a further rise. If confirmed, USDJPY is expected to break the upper boundary and move toward 160.07.

The Bearish Rectangle has formed on the USDJPY M5 chart and indicates a likely continuation of the trend. Its resistance zone is at 159.56–159.56 and its support zone is at 158.88–158.88. A break below support at 158.88 is likely to signal a continuation of the bearish trend.