FX.co ★ Modèles réels. Analyse technique et recommandations de trading

According to the chart of M15, USDJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 159.36/158.97 whereas the lower border goes across 158.68/158.97. The pattern width is measured on the chart at 68 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 158.97 is broken, the price could continue its move toward 159.20.

The Double Bottom pattern has been formed on USDJPY M5. Characteristics: the support level 158.86; the resistance level 158.96; the width of the pattern 10 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 10 points.

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 -1, support level -6, and pattern’s width 9. Forecast If the price breaks through the support level 159.01, it is likely to move further down to 158.95.

According to the chart of M5, USDJPY formed the Head and Shoulders pattern. The Head’s top is set at 159.08 while the median line of the Neck is found at 158.88/158.84. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of USDJPY will go towards 158.69.

The Double Bottom pattern has been formed on USDJPY M5; the upper boundary is 159.01; the lower boundary is 158.84. The width of the pattern is 16 points. In case of a break of the upper boundary 159.01, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.