FX.co ★ AUDJPY M5: Triple Top

The Triple Top pattern has formed on the chart of the AUDJPY M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 100.43/100.49 with the upper limit 100.59/100.61; the projection of the width is 16 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 100.43, the price is most likely to continue the downward movement.