FX.co ★ EURJPY M30: Bearish Pennant

The Bearish Pennant pattern has formed on the EURJPY M30 chart. A break below the pennant low at 181.14 would signal a likely continuation of the downtrend. A Sell Stop order may be placed 10 points below the pattern low, with Take Profit set at a distance equal to the height of the flagpole.