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

According to the chart of M5, EURJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 163.32 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -25 pips.

According to the chart of M5, EURJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 163.56 - 0.00 and support 163.32 – 163.32. In case the resistance level 163.32 - 163.32 is broken, the instrument is likely to follow the bearish trend.

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 -3, support level -18, and pattern’s width 32. Forecast If the price breaks through the support level 163.93, it is likely to move further down to 164.09.

On the chart of EURJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 164.24; the lower boundary 163.93; the width of the pattern 31 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 163.78 level.

The Triple Top pattern has formed on the chart of the EURJPY M30. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 163.38/163.75 with the upper limit 163.85/163.94; the projection of the width is 47 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 163.38, the price is most likely to continue the downward movement.

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 163.75 – 163.75 and upper border 163.90 – 163.90. In case the upper border is broken, the instrument is likely to follow the upward trend.

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 -1, support level -9, and pattern’s width 21. Forecast If the price breaks through the support level 163.66, it is likely to move further down to 163.75.

The Double Bottom pattern has been formed on EURJPY H1. Characteristics: the support level 162.29; the resistance level 162.98; the width of the pattern 69 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 75 points.

The Double Bottom pattern has been formed on EURJPY M30; the upper boundary is 162.98; the lower boundary is 162.23. The width of the pattern is 69 points. In case of a break of the upper boundary 162.98, 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 Triple Bottom pattern has formed on the chart of the EURJPY M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 162.61/162.44.