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

According to the chart of M15, EURJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 162.31/162.86 and upper border is 163.23/162.86. The pattern width is measured on the chart at -92 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and EURJPY breaches the lower border, the price could continue its move toward 162.63.

According to the chart of M15, EURJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 162.31/162.78 and upper border is 163.28/162.78. The pattern width is measured on the chart at -97 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and EURJPY breaches the lower border, the price could continue its move toward 162.55.

According to the chart of M30, EURJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 163.62 and 162.00 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 162 pips. Outlook: If the upper border 163.62 is broken, the price is likely to continue its move by 163.08.

According to the chart of M5, EURJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 162.86, the lower border is 162.50. The signal means that a short position should be opened after fixing a price below the lower border 162.50 of the Bearish Rectangle.

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.

According to the chart of M5, EURJPY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 163.64, the lower border is 163.21. The signal means that a long position should be opened above the upper border 163.64 of the Bullish Rectangle.

The Double Top reversal pattern has been formed on EURJPY M5. Characteristics: the upper boundary 163.64; the lower boundary 163.25; the width of the pattern is 36 points. Sell trades are better to be opened below the lower boundary 163.25 with a possible movements towards the 163.10 level.

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 160.97 is broken, the downward movement will continue.

The Double Bottom pattern has been formed on EURJPY M5; the upper boundary is 160.85; the lower boundary is 160.75. The width of the pattern is 10 points. In case of a break of the upper boundary 160.85, 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 Double Bottom pattern has been formed on EURJPY M15. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 161.61 is broken. The further movements will rely on the width of the current pattern 53 points.