FX.co ★ EURJPY M30: Triple Top

The Triple Top pattern has formed on the chart of the EURJPY M30. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 163.38/163.75 with the upper limit 163.85/163.94; the projection of the width is 47 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 163.38, the price is most likely to continue the downward movement.