Bullish Symmetrical Triangle
was formed on 29.07 at 06:18:11 (UTC+0)
signal strength 1 of 5
According to the chart of M5, EURJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 123.10/123.21 whereas the upper border goes across 123.29/123.21. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of EURJPY will breach the upper border to head for 123.36.
The M5 and M15 time frames may have more false entry points.
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