logo

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

EURJPY M15

Triple Top
The Triple Top pattern has formed on the chart of the EURJPY M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 130.21/130.28 with the upper limit 130.34/130.34; the projection of the width is 13 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 130.21, the price is most likely to continue the downward movement.
2021-04-12

EURJPY M5

Bullish Symmetrical Triangle
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 130.34/130.27 whereas the lower border goes across 130.20/130.27. The pattern width is measured on the chart at 14 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 130.27 is broken, the price could continue its move toward 130.
2021-04-12

EURJPY M5

Bearish Symmetrical Triangle
According to the chart of M5, EURJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 130.11/130.20 and upper border is 130.32/130.20. The pattern width is measured on the chart at -21 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 130.
2021-04-12

EURJPY M15

Double Bottom
The Double Bottom pattern has been formed on EURJPY M15; the upper boundary is 130.18; the lower boundary is 130.02. The width of the pattern is 15 points. In case of a break of the upper boundary 130.18, 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.
2021-04-09

EURJPY D1

Double Top
The Double Top reversal pattern has been formed on EURJPY D1. Characteristics: the upper boundary 130.64; the lower boundary 128.26; the width of the pattern is 239 points. Sell trades are better to be opened below the lower boundary 128.26 with a possible movements towards the 127.86 level.
2021-04-08

EURJPY M15

Bearish Rectangle
According to the chart of M15, EURJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 130.28, the lower border is 130.12. The signal means that a short position should be opened after fixing a price below the lower border 130.12 of the Bearish Rectangle.
2021-04-08

EURJPY M5

Double Bottom
The Double Bottom pattern has been formed on EURJPY M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 130.24 is broken. The further movements will rely on the width of the current pattern 10 points.
2021-04-08

EURJPY M5

Bullish Symmetrical Triangle
According to the chart of M5, EURJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 130.42 and 130.07 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 35 pips. Outlook: If the upper border 130.42 is broken, the price is likely to continue its move by 130.40 pips.
2021-04-07

EURJPY M5

Bearish pennant
The Bearish pennant pattern has formed on the EURJPY M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 130.07 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.
2021-04-07

EURJPY M15

Double Top
The Double Top reversal pattern has been formed on EURJPY M15. Characteristics: the upper boundary 130.41; the lower boundary 130.25; the width of the pattern is 17 points. Sell trades are better to be opened below the lower boundary 130.25 with a possible movements towards the 130.02 level.
2021-04-07