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

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 157.80 is likely to confirm further downward movement.

The Double Bottom pattern has formed on the USDJPY M5 chart. Its support is at 157.49, its resistance is at 157.67, and its width is 18 points. A break above resistance may confirm a trend reversal, with the first target projected 17 points away.

The Bullish Flag pattern has formed on the USDJPY M5 chart. Its lower boundary passes through 157.16/157.08, while its upper boundary passes through 157.26/157.18. The projected flagpole height is 36 points. The formation indicates that the uptrend is likely to continue. A break above 157.26 would confirm further upward movement.

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 157.26, the uptrend is likely to continue.

The Double Bottom pattern has formed on the USDJPY M5 chart. Its support is at 157.97, its resistance is at 158.12, and its width is 15 points. A break above resistance may confirm a trend reversal, with the first target projected 15 points away.

The Bearish Flag pattern has formed on the USDJPY M5 chart, indicating that the downtrend may continue in the near term. A short position may be considered after the price breaks below the pattern low at 158.79.

The Double Top reversal pattern has formed on the USDJPY M15 chart. Its upper boundary is at 159.04, its lower boundary is at 158.64, and its width is 40 points. A break below the lower boundary is likely to confirm further downward movement toward 158.41.

The Triple Top reversal pattern has formed on the USDJPY M15 chart. Its upper boundary is at 158.41/158.38, its lower boundary is at 158.12/158.24, and its current width is 14 points. If the confirmation support at 158.12 is broken, that width can be used to project the downward move.

The Double Top reversal pattern has formed on the USDJPY M15 chart. Its upper boundary is at 158.41, its lower boundary is at 158.23, and its width is 18 points. A break below the lower boundary is likely to confirm further downward movement toward 158.01.

The Triple Top pattern has formed on the chart of USDJPY M5 and signals a possible trend reversal. After the third peak forms, a break below the confirmation support at 158.04 may confirm the bearish scenario. The projected peak-to-trough width is 18 points.