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FX.co ★ EURJPY M5: Bullish Symmetrical Triangle

EURJPY M5: Bullish Symmetrical Triangle

Bullish Symmetrical TriangleThe Bullish Symmetrical Triangle pattern has formed on the EURJPY M5 chart. This is a trend continuation pattern. Its upper and lower boundaries are at 177.75 and 177.66, respectively. The pattern width is 9 points. If the price breaks above the upper boundary at 177.75, it is likely to move toward 177.86.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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