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The Triple Top pattern has formed on the chart of the USDJPY M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -5, support level -14, and pattern’s width 16. Forecast If the price breaks through the support level 147.68, it is likely to move further down to 147.75.

The Triple Top pattern has formed on the chart of the USDJPY M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 144.62/144.83 with the upper limit 145.24/145.22; the projection of the width is 62 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 144.62, the price is most likely to continue the downward movement.

The Bullish pennant pattern is formed on the USDJPY M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 145.11, a further uptrend is possible.

The Double Bottom pattern has been formed on USDJPY M5. Characteristics: the support level 143.59; the resistance level 143.68; the width of the pattern 9 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 8 points.

The Triple Bottom pattern has formed on the chart of USDJPY M5. Features of the pattern: The lower line of the pattern has coordinates 143.82 with the upper limit 143.82/143.76, the projection of the width is 15 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 143.67, the price is most likely to continue the upward movement.