FX.co ★ EURJPY M15: Triple Top

The Triple Top pattern has formed on the chart of the EURJPY M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 166.77/166.86 with the upper limit 167.05/166.95; the projection of the width is 28 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 166.77, the price is most likely to continue the downward movement.