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

The Triple Bottom pattern has formed on the chart of the EURJPY M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 164.49/164.37.

According to the chart of M5, EURJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 163.64/163.51 whereas the lower border goes across 163.34/163.51. The pattern width is measured on the chart at 30 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 163.51 is broken, the price could continue its move toward 163.66.

According to the chart of M5, EURJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 163.84/163.71 whereas the lower border goes across 163.59/163.71. The pattern width is measured on the chart at 25 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 163.71 is broken, the price could continue its move toward 163.86.

On the chart of the EURJPY M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 163.62, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 14 points.

According to the chart of M5, EURJPY formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 163.76 and support 163.61. In case the resistance level 163.76 - 163.76 is broken, the instrument is likely to follow the bullish trend.

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.

The Double Bottom pattern has been formed on EURJPY M15; the upper boundary is 163.16; the lower boundary is 163.04. The width of the pattern is 13 points. In case of a break of the upper boundary 163.16, 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 Triple Bottom pattern has been formed on EURJPY M5. It has the following characteristics: resistance level 163.21/163.11; support level 163.06/163.06; the width is 15 points. In the event of a breakdown of the resistance level of 163.21, the price is likely to continue an upward movement at least to 163.20.

The Double Bottom pattern has been formed on EURJPY M5; the upper boundary is 163.21; the lower boundary is 163.05. The width of the pattern is 15 points. In case of a break of the upper boundary 163.21, 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.

According to the chart of M15, EURJPY formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 163.08 – 163.08 and upper border 163.37 – 163.37. In case the lower border is broken, the instrument is likely to follow the downward trend.