FX.co ★ EURJPY M15: Bearish Symmetrical Triangle

According to the chart of M15, EURJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 162.31/162.86 and upper border is 163.23/162.86. The pattern width is measured on the chart at -92 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 162.63.