FX.co ★ AUDJPY M5: Triple Bottom

The Triple Bottom pattern has formed on the chart of AUDJPY M5. Features of the pattern: The lower line of the pattern has coordinates 96.32 with the upper limit 96.32/96.28, the projection of the width is 21 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 96.11, the price is most likely to continue the upward movement.