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FX.co ★ EURJPY M5: Head and Shoulders

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Technical Analysis Patterns

2026-10-20T17:40:10
Signal strength 1 of 5

EURJPY M5: Head and Shoulders

Head and ShouldersThe Head and Shoulders pattern has formed on the EURJPY M5 chart. The head high is at 177.72, while the neckline passes through 177.59/177.61. The pattern may reverse the current uptrend. A break below the lower neckline anchor may confirm the bearish reversal.
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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Other patterns by EURJPY