was formed on 04.05 at 02:32:07 (UTC+0)
signal strength 1 of 5
signal strength 1 of 5
The Bearish Flag pattern has been formed on USDJPY at M5. The lower boundary of the pattern is located at 134.35/134.47 while the upper boundary lies at 134.45/134.57. The projection of the flagpole is 25 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 134.35 is broken, the price will move further downwards.
The M5 and M15 time frames may have more false entry points.
Figure
Instrument
Timeframe
Trend
Signal Strength
