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

EURJPY M5

Bearish Symmetrical Triangle
According to the chart of M5, EURJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 142.16 is breached. Here, a hypothetical profit will equal the width of the available pattern that is 26 pips.
2022-12-02

EURJPY M5

Double Top
The Double Top pattern has been formed on EURJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 142.35 is broken, the downward movement will continue.
2022-12-01

EURJPY M5

Double Top
The Double Top reversal pattern has been formed on EURJPY M5. Characteristics: the upper boundary 142.42; the lower boundary 142.31; the width of the pattern is 12 points. Sell trades are better to be opened below the lower boundary 142.31 with a possible movements towards the 142.16 level.
2022-12-01

EURJPY M5

Bearish Symmetrical Triangle
According to the chart of M5, EURJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 142.62 is breached. Here, a hypothetical profit will equal the width of the available pattern that is 22 pips.
2022-12-01

EURJPY M5

Triple Bottom
The Triple Bottom pattern has formed on the chart of the EURJPY M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 142.72/142.61.
2022-12-01

EURJPY M15

Bearish Flag
The Bearish Flag pattern has been formed on the chart EURJPY M15 which signals that the downward trend will continue. If the price breaks below the low at 142.69, then it is most likely to move further downwards. The price will likely move by the number of points which equals the length of the flag pole (15 points).
2022-12-01

EURJPY M15

Bearish pennant
The Bearish pennant pattern has formed on the EURJPY M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 142.84 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.
2022-12-01

EURJPY M5

Double Top
The Double Top pattern has been formed on EURJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 143.46 is broken, the downward movement will continue.
2022-11-30

EURJPY H1

Double Bottom
The Double Bottom pattern has been formed on EURJPY H1; the upper boundary is 143.48; the lower boundary is 142.99. The width of the pattern is 48 points. In case of a break of the upper boundary 143.48, 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.
2022-11-29

EURJPY M5

Inverse Head and Shoulder
According to the chart of M5, EURJPY formed the Inverse Head and Shoulder pattern. The Head’s top is set at 143.53 while the median line of the Neck is found at 143.07/143.30. 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 143.68
2022-11-29