By: Dima Chernovolov

USD/JPY recently broke the Uniform Triangle chart pattern which was earlier identified by Autochartist on the daily charts. Autochartist measures the Quality of this Triangle at the 5-bar level – which is the result of the average Initial Trend (5 bars), near-maximum Uniformity (9 bars) and significant Clarity (8 bars). USD/JPY is expected to rise to the forecast price 104.29 in the nearest time.


As you can see below, the breakout of this Triangle coincided with the breakout of the Flag chart pattern which was also previously identified by Autochartist on the daily USD/JPY charts. The high Initial Trend reflects the strength of the previous upward impulse from the major support level 100.00. The breakout of the two different-type daily chart patterns heightens the probability USD/JPY will continue to rise in the direction of the forecast price 104.29.


To subscribe to the e-mail alerts feature is quick and easy. Log into the Autochartist platform, click on ‘Alerts & Messaging’, enter your email address, select the market you want covered, select your language, and the time you want to get your report, and you’re done! You will now receive a quick morning technical outlook of the markets.


For further information on this and other Autochartist products visit



You may also like

Leave A Comment

Please enter your name. Please enter an valid email address. Please enter message.


* = Required Field