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

According to the chart of M5, EURJPY formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 184.44 is likely to encourage a continuation of the downward trend.

According to the chart of M15, EURJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 185.04, the lower border is 184.70. The signal means that a short position should be opened after fixing a price below the lower border 184.70 of the Bearish Rectangle.

The Double Bottom pattern has been formed on EURJPY M15. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 185.04 is broken. The further movements will rely on the width of the current pattern 34 points.

According to the chart of M5, EURJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 185.19 and 184.77 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 42 pips. Outlook: If the upper border 185.19 is broken, the price is likely to continue its move by 185.15.

The Double Bottom pattern has been formed on EURJPY M5. Characteristics: the support level 185.07; the resistance level 185.22; the width of the pattern 15 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 14 points.

On the chart of EURJPY M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 185.50; the lower boundary 185.38; the width of the pattern 12 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 185.08 level.

On the chart of the EURJPY M15 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 185.35, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 15 points.

The Double Top pattern has been formed on EURJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 185.38 is broken, the downward movement will continue.

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 185.48/185.41 whereas the lower border goes across 185.34/185.41. The pattern width is measured on the chart at 14 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 185.41 is broken, the price could continue its move toward 185.56.

The Double Top pattern has been formed on EURJPY M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 185.35 is broken, the downward movement will continue.