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

The Double Bottom pattern has been formed on EURJPY H1; the upper boundary is 186.64; the lower boundary is 186.29. The width of the pattern is 35 points. In case of a break of the upper boundary 186.64, 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.

The Double Bottom pattern has been formed on EURJPY M30. 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 186.64 is broken. The further movements will rely on the width of the current pattern 35 points.

The Double Bottom pattern has been formed on EURJPY M15. 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 186.64 is broken. The further movements will rely on the width of the current pattern 35 points.

According to the chart of M15, EURJPY formed the Head and Shoulders pattern. The Head’s top is set at 187.92 while the median line of the Neck is found at 187.65/187.60. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of EURJPY will go towards 187.38.

The technical pattern called Head and Shoulders has appeared on the chart of EURJPY M5. There are weighty reasons to suggest that the price will surpass the Neckline 187.35/187.35 after the right shoulder has been formed. So, the trend is set to change with the price heading for 187.20.

According to the chart of M5, EURJPY formed the Head and Shoulders pattern. The Head’s top is set at 187.46 while the median line of the Neck is found at 187.35/187.35. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of EURJPY will go towards 187.20.

The Double Top reversal pattern has been formed on EURJPY M5. Characteristics: the upper boundary 187.42; the lower boundary 187.32; the width of the pattern is 9 points. Sell trades are better to be opened below the lower boundary 187.32 with a possible movements towards the 187.17 level.

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 187.16 is broken, the downward movement will continue.

The Triple Top pattern has formed on the chart of the EURJPY M30 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 5, support level -17, and pattern’s width 43. Forecast If the price breaks through the support level 187.05, it is likely to move further down to 187.20.

On the chart of EURJPY M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 187.50; the lower boundary 187.05; the width of the pattern 45 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 186.75 level.