FX.co ★ EURJPY M5: Bearish Symmetrical Triangle

The Bearish Symmetrical Triangle pattern has formed on the EURJPY M5 chart. Its lower boundary passes through 180.49/180.74, while its upper boundary passes through 181.00/180.74. The pattern width is 51 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If EURJPY breaks below the lower boundary, the price could move toward 180.59.