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

According to the chart of M5, USDJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 157.68/157.54 whereas the lower border goes across 157.36/157.54. The pattern width is measured on the chart at 32 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 157.54 is broken, the price could continue its move toward 157.69.

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 157.25/157.28 with the upper limit 157.41/157.35; the projection of the width is 16 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 157.25, the price is most likely to continue the downward movement.

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.