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

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 165.94, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 18 points.

According to the chart of M5, EURJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 165.85/165.72 whereas the lower border goes across 165.58/165.72. The pattern width is measured on the chart at 27 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 165.72 is broken, the price could continue its move toward 165.87.

The Triple Top pattern has formed on the chart of the EURJPY M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -2, support level -19, and pattern’s width 31. Forecast If the price breaks through the support level 165.40, it is likely to move further down to 165.52.

According to the chart of M15, EURJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 164.60/165.08 and upper border is 165.66/165.08. The pattern width is measured on the chart at -106 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 164.85.

According to the chart of M5, EURJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 164.60/165.08 and upper border is 165.66/165.08. The pattern width is measured on the chart at -106 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 164.93.

According to the chart of M5, EURJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 164.97/164.88 whereas the lower border goes across 164.79/164.88. The pattern width is measured on the chart at 18 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 164.88 is broken, the price could continue its move toward 165.03.

According to the chart of M30, EURJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 164.37 – 164.37 and upper border 165.07 – 165.07. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Double Top pattern has been formed on EURJPY H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 164.31 is broken, the downward movement will continue.

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.