FX.co ★ EURJPY M5: Triple Bottom

The Triple Bottom pattern has formed on the chart of EURJPY M5. Features of the pattern: The lower line of the pattern has coordinates 163.48 with the upper limit 163.48/163.47, the projection of the width is 12 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 163.36, the price is most likely to continue the upward movement.