Actual patterns

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Actual patterns

Bearish pennant

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was formed on 02.06 at 14:45:11 (UTC+0)
signal strength 4 of 5

The Bearish pennant pattern has formed on the USDJPY H1 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 143.34; the projection of the flagpole height is equal to 74 pips. In case the price breaks out the pattern’s bottom of 143.34, the downtrend is expected to continue for further level 142.94.

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Bearish pennant