FX.co ★ EURJPY M5: Bearish Symmetrical Triangle

According to the chart of M5, EURJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 164.60/165.08 and upper border is 165.66/165.08. The pattern width is measured on the chart at -106 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and EURJPY breaches the lower border, the price could continue its move toward 164.93.