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

On the chart of the EURJPY M30 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 185.90, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 30 points.

The Triple Top pattern has formed on the chart of the EURJPY M30 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 11, support level -15, and pattern’s width 44. Forecast If the price breaks through the support level 185.75, it is likely to move further down to 185.90.

The Double Top reversal pattern has been formed on EURJPY M30. Characteristics: the upper boundary 186.19; the lower boundary 185.75; the width of the pattern is 45 points. Sell trades are better to be opened below the lower boundary 185.75 with a possible movements towards the 185.45 level.

The Double Top pattern has been formed on EURJPY M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 185.75 is broken, the downward movement will continue.

The Double Top reversal pattern has been formed on EURJPY M5. Characteristics: the upper boundary 186.19; the lower boundary 185.75; the width of the pattern is 45 points. Sell trades are better to be opened below the lower boundary 185.75 with a possible movements towards the 185.60 level.

On the chart of EURJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 185.85; the lower boundary 185.71; the width of the pattern 14 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 185.56 level.

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 185.61 is broken, the downward movement will continue.

On the chart of EURJPY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 185.24; the lower boundary 185.07; the width of the pattern 17 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 184.85 level.

According to the chart of M30, EURJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 184.43 and 184.19 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 24 pips. Outlook: If the upper border 184.43 is broken, the price is likely to continue its move by 184.60.

According to the chart of M15, EURJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 184.42 and 184.20 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 22 pips. Outlook: If the upper border 184.42 is broken, the price is likely to continue its move by 184.52.