FX.co ★ Patterns EURJPY | Euro (EUR) to Japanese Yen (JPY) Rate in the Forex market

According to the chart of M5, EURJPY formed the Inverse Head and Shoulder pattern. The Head’s top is set at 186.37 while the median line of the Neck is found at 186.21/186.31. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of EURJPY will go towards 186.52

According to the chart of H1, EURJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 186.02 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -71 pips.

According to the chart of M30, EURJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 186.02 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -71 pips.

According to the chart of M5, EURJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 186.55 and 186.06 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 49 pips. Outlook: If the upper border 186.55 is broken, the price is likely to continue its move by 186.46.

According to the chart of M30, EURJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 186.29, the lower border is 186.02. The signal means that a short position should be opened after fixing a price below the lower border 186.02 of the Bearish Rectangle.

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 186.02 is broken, the downward movement will continue.

On the chart of EURJPY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 186.29; the lower boundary 186.02; the width of the pattern 27 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 185.79 level.

According to M15, EURJPY is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 186.18/186.16 is broken out, the instrument is likely to move toward 186.38.

According to M5, EURJPY is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 186.18/186.16 is broken out, the instrument is likely to move toward 186.31.

The Triple Bottom pattern has formed on the chart of the EURJPY M15 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 186.25/186.17.