FX.co ★ EURJPY H1: Bullish Symmetrical Triangle

According to the chart of H1, EURJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 162.28/163.37 whereas the upper border goes across 164.23/163.37. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of EURJPY will breach the upper border to head for 163.77.