FX.co ★ AUDJPY M5: Double Bottom

The Double Bottom pattern has been formed on AUDJPY M5; the upper boundary is 97.88; the lower boundary is 97.71. The width of the pattern is 16 points. In case of a break of the upper boundary 97.88, 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.