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The Triple Bottom pattern has formed on the chart of the USDJPY M30 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 153.80/153.34.

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 -2, support level -6, and pattern’s width 17. Forecast If the price breaks through the support level 153.15, it is likely to move further down to 153.17.

According to the chart of M5, USDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 152.77/153.05 and upper border is 153.25/153.05. The pattern width is measured on the chart at -48 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 152.90.

According to the chart of M5, USDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 155.57/155.96 whereas the upper border goes across 156.29/155.96. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of USDJPY will breach the upper border to head for 156.11.

The Triple Bottom pattern has been formed on USDJPY M5. It has the following characteristics: resistance level 157.99/157.93; support level 157.88/157.88; the width is 11 points. In the event of a breakdown of the resistance level of 157.99, the price is likely to continue an upward movement at least to 158.02.