FX.co ★ USDJPY M5: Triple Bottom

The Triple Bottom pattern has formed on the chart of USDJPY M5. Features of the pattern: The lower line of the pattern has coordinates 150.29 with the upper limit 150.29/150.27, the projection of the width is 19 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 150.10, the price is most likely to continue the upward movement.