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

The Double Top reversal pattern has been formed on USDJPY M5. Characteristics: the upper boundary 156.96; the lower boundary 156.85; the width of the pattern is 11 points. Sell trades are better to be opened below the lower boundary 156.85 with a possible movements towards the 156.70 level.

The Double Top reversal pattern has been formed on USDJPY M5. Characteristics: the upper boundary 156.96; the lower boundary 156.85; the width of the pattern is 11 points. Sell trades are better to be opened below the lower boundary 156.85 with a possible movements towards the 156.70 level.

The Triple Top pattern has formed on the chart of the USDJPY M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 155.11/156.73 with the upper limit 156.90/156.95; the projection of the width is 179 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 155.11, the price is most likely to continue the downward movement.

According 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 Double Top pattern has been formed on USDJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 156.08 is broken, the downward movement will continue.

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.

On the chart of the USDJPY M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 157.60, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 20 points.

On the chart of the USDJPY M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 156.33, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 54 points.

The Double Top pattern has been formed on USDJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 156.65 is broken, the downward movement will continue.

On the chart of USDJPY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 156.87; the lower boundary 155.00; the width of the pattern 187 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 154.77 level.