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

The Bullish Rectangle has formed on the EURJPY M5 chart and indicates a likely continuation of the trend. Its upper boundary is at 177.82 and its lower boundary is at 177.52. A long position may be considered after the price breaks above the upper boundary at 177.82 of the Bullish Rectangle.

The Double Top reversal pattern has formed on the EURJPY M15 chart. Its upper boundary is at 177.87, its lower boundary is at 176.60, and its width is 122 points. A short position may be considered below the lower boundary at 176.60, with a potential target at 176.38.

The Triple Top pattern has formed on the chart of EURJPY M5 and signals a possible trend reversal. After the third peak forms, a break below the confirmation support at 177.87 may confirm the bearish scenario. The projected peak-to-trough width is 20 points.

The Double Top reversal pattern has formed on the EURJPY M5 chart. Its upper boundary is at 178.39, its lower boundary is at 178.31, and its width is 8 points. A short position may be considered below the lower boundary at 178.31, with a potential target at 178.16.

The Double Bottom pattern has formed on the EURJPY M5 chart. Its support is at 178.36, its resistance is at 178.75, and its width is 39 points. A break above resistance may confirm a trend reversal, with the first target projected 41 points away.

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.

The Bullish Rectangle has formed on the EURJPY M5 chart and indicates a likely continuation of the trend. Its upper boundary is at 179.69 and its lower boundary is at 179.53. A long position may be considered after the price breaks above the upper boundary at 179.69 of the Bullish Rectangle.

The Double Top reversal pattern has formed on the EURJPY M15 chart. Its upper boundary is at 179.69, its lower boundary is at 179.54, and its width is 14 points. A short position may be considered below the lower boundary at 179.54, with a potential target at 179.32.

The Double Top reversal pattern has formed on the EURJPY M5 chart. Its upper boundary is at 179.69, its lower boundary is at 179.53, and its width is 15 points. A short position may be considered below the lower boundary at 179.53, with a potential target at 179.38.

The Bearish Symmetrical Triangle pattern has formed on the EURJPY M5 chart. A break below the lower boundary at 178.89 is likely to signal a continuation of the downtrend.