FX.co ★ EURJPY M5: Bullish Symmetrical Triangle

The Bullish Symmetrical Triangle pattern has formed on the EURJPY M5 chart, signaling a likely continuation of the trend. Its upper boundary passes through 179.04/178.86, while its lower boundary passes through 178.64/178.86. The pattern width is 40 points. When the Bullish Symmetrical Triangle forms during an uptrend, it indicates that the prevailing trend may continue. A breakout above 178.86 could send the price toward 179.01.