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Patterns are graphical models which are formed in the chart by the price. According to one of the technical analysis postulates, history (price movement) repeats itself. It means that the price movements are often similar in the same situations which makes it possible to predict the further development of the situation with a high probability.
Relevant patterns by InstaForex is an easy-to-use service which allows you to be aware of latest changes in the market and react to clues from the market in time. In our service you will always find the latest and most relevant patterns on any pair and any timeframe.
was formed on 13.03 at 09:25:03 (UTC+0)
signal strength 1 of 5
According to M5, USDJPY is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 147.82/147.85 is broken out, the instrument is likely to move toward 148.00.
The M5 and M15 time frames may have more false entry points.
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