According to the chart of M5, EURJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 163.21 – 163.21 and upper border 163.64 – 163.64. In case the upper border is broken, the instrument is likely to follow the upward trend. The M5 and M15 time frames may have more false entry points.