signal strength 1 of 5
According to the chart of M5, USDJPY formed the Head and Shoulders pattern. The Head’s top is set at 150.87 while the median line of the Neck is found at 150.68/150.70. 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 150.55.
The M5 and M15 time frames may have more false entry points.
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The Bearish pennant pattern has formed on the GBPJPY M5 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has formed on the chart of GBPJPY M5. Features of the pattern: The lower line of the pattern has coordinates 191.85 with the upper limit 191.85/191.40
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, GBPJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 191.94 - 0.00
The M5 and M15 time frames may have more false entry points.
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