FX.co ★ Actual patterns. Technical analysis and trading recommendations

According to the chart of M5, USDJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 155.03 and 154.60 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 43 pips. Outlook: If the upper border 155.03 is broken, the price is likely to continue its move by 155.00.

The Triple Bottom pattern has been formed on USDJPY M5. It has the following characteristics: resistance level 154.56/154.48; support level 154.26/154.31; the width is 30 points. In the event of a breakdown of the resistance level of 154.56, the price is likely to continue an upward movement at least to 154.42.

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 153.98 is broken, the downward movement will continue.

On the chart of USDJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 154.71; the lower boundary 154.42; the width of the pattern 29 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 154.27 level.

The Double Bottom pattern has been formed on USDJPY M15. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 155.10 is broken. The further movements will rely on the width of the current pattern 21 points.