logo

FX.co ★ USDJPY M5: Bullish Symmetrical Triangle

USDJPY M5: Bullish Symmetrical Triangle

Bullish Symmetrical TriangleAccording to the chart of M5, USDJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 156.88 and 156.72 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 16 pips. Outlook: If the upper border 156.88 is broken, the price is likely to continue its move by 156.94.
The M5 and M15 time frames may have more false entry points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the patterns list Go to graph