FX.co ★ EURJPY M5: Double Bottom

The Double Bottom pattern has been formed on EURJPY M5; the upper boundary is 163.21; the lower boundary is 163.05. The width of the pattern is 15 points. In case of a break of the upper boundary 163.21, 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.