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The Triple Top pattern has formed on the chart of the EURJPY M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 4, support level -5, and pattern’s width 17. Forecast If the price breaks through the support level 173.41, it is likely to move further down to 173.40.

The Bullish pennant graphic pattern has formed on the EURJPY M5 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 170.01.

According to the chart of M30, EURJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 169.76/169.38 whereas the lower border goes across 168.94/169.38. The pattern width is measured on the chart at 82 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 169.38 is broken, the price could continue its move toward 169.68.

According to the chart of M15, EURJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 169.76/169.38 whereas the lower border goes across 168.94/169.38. The pattern width is measured on the chart at 82 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 169.38 is broken, the price could continue its move toward 169.60.

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 169.53/169.39 whereas the lower border goes across 169.21/169.39. The pattern width is measured on the chart at 32 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 169.39 is broken, the price could continue its move toward 169.54.

The Triple Top pattern has formed on the chart of the EURJPY M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 169.32/169.44 with the upper limit 169.51/169.49; the projection of the width is 19 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 169.32, the price is most likely to continue the downward movement.

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 169.32 is broken, the downward movement will continue.

The Double Bottom pattern has been formed on EURJPY M5; the upper boundary is 169.34; the lower boundary is 169.23. The width of the pattern is 10 points. In case of a break of the upper boundary 169.34, 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 EURJPY M15 formed the Head and Shoulders pattern with the following features: The Head’s top is at 169.83, the Neckline and the upward angle are at 169.55/169.55. 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 169.32.

The Double Top reversal pattern has been formed on EURJPY M5. Characteristics: the upper boundary 169.70; the lower boundary 169.55; the width of the pattern is 15 points. Sell trades are better to be opened below the lower boundary 169.55 with a possible movements towards the 169.40 level.