FX.co ★ EURJPY M5: Head and Shoulders

The EURJPY M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 159.47, the Neckline and the upward angle are at 158.89/158.96. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of EURJPY will go towards 158.81.