FX.co ★ EURJPY M5: Double Bottom

The Double Bottom pattern has been formed on EURJPY M5; the upper boundary is 160.36; the lower boundary is 160.00. The width of the pattern is 37 points. In case of a break of the upper boundary 160.36, 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.