FX.co ★ Actual patterns. Technical analysis and trading recommendations

According to the chart of M5, EURJPY formed the Inverse Head and Shoulder pattern. The Head’s top is set at 186.37 while the median line of the Neck is found at 186.21/186.31. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of EURJPY will go towards 186.52

According to the chart of H1, EURJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 186.02 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -71 pips.

According to the chart of M30, EURJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 186.02 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -71 pips.

According to the chart of M5, EURJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 186.55 and 186.06 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 49 pips. Outlook: If the upper border 186.55 is broken, the price is likely to continue its move by 186.46.

According to the chart of M30, EURJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 186.29, the lower border is 186.02. The signal means that a short position should be opened after fixing a price below the lower border 186.02 of the Bearish Rectangle.