signal strength 1 of 5
According to the chart of M5, USDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 142.41/142.64 whereas the upper border goes across 142.84/142.64. 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 142.79.
The M5 and M15 time frames may have more false entry points.
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On the chart of GBPJPY H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 193.52; the lower boundary 192.79; the width of the pattern 73 points
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The Double Bottom pattern has been formed on USDJPY M5. Characteristics: the support level 142.47; the resistance level 142.83; the width of the pattern 36 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on GBPJPY M30. Characteristics: the upper boundary 193.56; the lower boundary 192.79; the width of the pattern is 73 points. Sell trades
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