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The Triple Top pattern has formed on the chart of the USDJPY M30 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 1, support level -3, and pattern’s width 19. Forecast If the price breaks through the support level 159.58, it is likely to move further down to 159.47.

The Double Top pattern has been formed on USDJPY M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 159.45 is broken, the downward movement will continue.

The Double Top reversal pattern has been formed on USDJPY M30. Characteristics: the upper boundary 159.51; the lower boundary 159.45; the width of the pattern is 6 points. Sell trades are better to be opened below the lower boundary 159.45 with a possible movements towards the 159.15 level.

The Double Top reversal pattern has been formed on USDJPY M15. Characteristics: the upper boundary 159.51; the lower boundary 159.44; the width of the pattern is 7 points. Sell trades are better to be opened below the lower boundary 159.44 with a possible movements towards the 159.21 level.

According to the chart of M15, USDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 159.19/159.28 and upper border is 159.41/159.28. The pattern width is measured on the chart at -22 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 159.05.