was formed on 06.05 at 20:35:36 (UTC+0)
signal strength 2 of 5
signal strength 2 of 5
The Bearish Flag pattern has been formed on USDJPY at M15. The lower boundary of the pattern is located at 142.45/142.61 while the upper boundary lies at 142.59/142.75. The projection of the flagpole is 59 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 142.45 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
