FX.co ★ EURJPY M30: Double Bottom

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.