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Bearish Flag
was formed on 21.04 at 03:52:15 (UTC+0)
signal strength 2 of 5

Bearish Flag USDJPY M15

The Bearish Flag pattern has been formed on USDJPY at M15. The lower boundary of the pattern is located at 140.89/141.19 while the upper boundary lies at 141.19/141.49. The projection of the flagpole is 77 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 140.89 is broken, the price will move further downwards.

The M5 and M15 time frames may have more false entry points.

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Figure
Instrument
Timeframe
Trend
Signal Strength
 
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