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The Double Top reversal pattern has been formed on EURJPY H1. Characteristics: the upper boundary 165.32; the lower boundary 164.31; the width of the pattern is 99 points. Sell trades are better to be opened below the lower boundary 164.31 with a possible movements towards the 163.91 level.

On the chart of EURJPY H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 164.99; the lower boundary 162.99; the width of the pattern 200 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 162.59 level.

The Double Top reversal pattern has been formed on EURJPY M30. Characteristics: the upper boundary 164.92; the lower boundary 162.99; the width of the pattern is 200 points. Sell trades are better to be opened below the lower boundary 162.99 with a possible movements towards the 162.69 level.

The Triple Top pattern has formed on the chart of the EURJPY M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 164.74/164.81 with the upper limit 164.93/164.92; the projection of the width is 19 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 164.74, the price is most likely to continue the downward movement.

According to the chart of M5, EURJPY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 164.70, the lower border is 164.49. The signal means that a long position should be opened above the upper border 164.70 of the Bullish Rectangle.

On the chart of the EURJPY M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 164.28, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 36 points.

On the chart of the EURJPY M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 164.28, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 36 points.

The Double Bottom pattern has been formed on EURJPY M15; the upper boundary is 164.83; the lower boundary is 164.49. The width of the pattern is 32 points. In case of a break of the upper boundary 164.83, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

The Double Top pattern has been formed on EURJPY M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 164.68 is broken, the downward movement will continue.

According to the chart of M15, EURJPY formed the Head and Shoulders pattern. The Head’s top is set at 164.71 while the median line of the Neck is found at 164.39/164.37. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of EURJPY will go towards 164.15.