FX.co ★ USDJPY M15: Bearish Symmetrical Triangle

According to the chart of M15, USDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 154.55/155.75 and upper border is 157.49/155.75. The pattern width is measured on the chart at -294 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and USDJPY breaches the lower border, the price could continue its move toward 155.52.