FX.co ★ USDJPY M5: Bullish Flag

The Bullish Flag pattern has been formed on USDJPY at M5. The lower boundary of the pattern is located at 157.23/157.11, while the higher boundary lies at 157.33/157.21. The projection of the flagpole is 26 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 157.33 is broken, the price will move further upwards.